From Charybdis to Scylla. In May, the trade deficit of French goods reached 13.1 billion euros, erasing the previous record of April, which itself exceeded the record of March. In total, over twelve months, the deficit in sales compared to purchases abroad reached a whopping 113.9 billion euros, an absolute record. By the way, in 2021, France’s trade deficit reached 84.7 billion euros (that is, 3.4 percent of GDP), after 64.7 billion the previous year.
“Deterioration of energy balance is again the main cause of this situation“Mention the customs without surprise. The outbreak of war in Ukraine, which has caused a rise in hydrocarbon prices, further destabilizes the hexagonal trade balance, which has already been disrupted by the country’s deindustrialization, its eroded competitiveness and excessive taxes… Oil prices have indeed risen above $100 per barrel. And even if they…
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Source: Le Figaro
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.