This is good news, even though it needs to be tempered, and it deserves to be highlighted in the country (France) of prevailing pessimism.
According to a study by the Boston Consulting Group — one of the world’s top consulting firms — France is the country that experienced the strongest post-Covid-19 economic rebound, thanks to household consumption.
France is the country that experienced the most significant post-Covid-19 economic rebound, due to household consumption. With a caveat: this surge in activity is at the mercy of an epidemic rebound.
The consulting firm developed, using artificial intelligence tools, a composite index to measure, in real time, the magnitude of the rebound (“recovery gap”) compared to a pre-crisis level of 100, for nine countries including France, Germany, the United States, Japan, and Brazil.
In mid-July, France and Germany posted a score of 94, very close to the pre-crisis level, followed by Italy (91) and Spain (90), with the United Kingdom lagging at a score of 76.
Thus, after a drop of 49 points, consumption in France rebounded by 45 points, compared to a drop of 32 followed by a rebound of 27 for Germany, which did not impose as strict a lockdown on its population.
While the United States, which did not experience a generalized lockdown, saw a much smaller drop (86 points) than Europe, there are no longer any signs of activity recovery, and consumption is even showing worrying signs of decline, while Japan finds itself in a complete state of stagnation.
Only China has regained its pre-Covid activity level: surprised?
