It’s not yet time to utter the cursed “r-word” like the recession, but it’s coming. In France, as elsewhere, economic activity is now almost at a standstill under the influence of the energy crisis and inflation. Concerned about the future and cut off from some of their purchasing power, households cut their spending. But today the concern is the companies. Treasuries are stretching, failures are multiplying, social programs are reappearing. Between the two squabbles over super profits, super dividends, executive pay, and gifts for bosses, we forgot they were mortal. That the CAC 40 is not France and that alongside our large international groups live thousands of small and medium-sized businesses, artisans and professionals with less broad shoulders. Away from cartoons, they roll up their sleeves every day to find clients, develop their business, invest…
Source: Le Figaro
