For bosses, going back to school is fraught with anxiety

2024-08-26 07:30:02

“It is time for the President of the Republic to appoint the head of government (…) And gave clear direction. » This warning, issued on Thursday, August 22, did not come from representatives of the New Popular Front (NFP), the left-wing coalition that won the legislative elections in early July, but from Marc Sanchez, general secretary of the New Popular Front, independents and the VSE alliance, which represents small businesses. This worry, with annoyance, was also expressed by many bosses at the French Entrepreneurs Conference, which took place at the Longchamp Racecourse (Paris), almost two months after the July 7 elections, and in a country still without a government, organized, as always, by Medef.

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Unlike previous editions, this time the employer-organized homecoming will not have any executive members present. After the resignation of the government of Gabriel Attal, who has been in charge of current affairs for forty-two days. This unprecedented situation VEgypt At the start of the school year, the economic situation is fragile and the Republic is stirring up the business community. “Entrepreneurs are very worried at the moment”Medef President Patrick Martin warned in a message posted on the social network LinkedIn on August 19 that “If a clear and reassuring political course is not quickly established, the risk of reversal is enormous”. On Monday, August 26, Mr. Martin reiterated these concerns at Inter Milan in France. “We broke the all-time record for bankruptcy filings in July”he emphasized.

Indeed, political ambiguity throughout the summer caused investors, especially industrial investors, to remain on the sidelines. “People are concerned that the floating period is being extended”which we recognize at Belsey in the Ministry of Industry and Energy. “As long as there is no clear answer at the political level, the business community will always have some form of expectation”Laurent Saint-Martin, general manager of Business France, the public operator responsible for the international development of French companies, confirmed that he believes “Returning to school is crucial because it will give direction to France’s economic and fiscal policy”.

Making a “salary gesture”

The success of the Paris Olympics (OG) undoubtedly had an impact on economic growth, but it was limited and mainly to the benefit of the service sector. But the manufacturing sector is in trouble, business closures are increasing and may break records in this sector by 2024. French productivity still has not taken off – on the contrary, it is stagnating compared with the United States and several European countries; finally, temporary employment fell for the third consecutive month in July – usually a leading indicator of employment.

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