‘I didn’t expect the economy to slow down so much’: Political uncertainty worries entrepreneurs

2024-08-27 13:26:07

Business wants to lead the way! In a context of political instability and despite the slow progress in appointing a new government, Patrick Martin, president of Medef, made the decision this Monday at the opening of the sixth French entrepreneurs’ conference, La REF. From the beginning, after the song “Start me up” by the Rolling Stones, it set the tone. “Let’s turn on the ignition, let the tires scream, let’s start the new school year with a bang,” said the boss of bosses to the thousands of business leaders in the stands of the Longchamp racecourse (16th arrondissement of Paris).

After weeks of fear, even fear, with the dissolution of the National Assembly and legislative elections raising concerns about the arrival of an extreme scenario with an economic program not too “pro-business”, Patrick Martin has declared a state of emergency at the start of the academic year, to revitalize the military with a spirit of optimism. Because after the boom years, there is the specter of a reversal. “Challenges or suspensions of supply policies must be paid in cash,” warned Patrick Martin, noting that 5,800 companies went bankrupt in July, “a record high”.

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