Nicolas Dufourcq, CEO of Bpifrance, expects “a very, very powerful rebound” in the French economy

Nicolas Dufourcq, CEO of Bpifrance, was the eco guest of franceinfo on Tuesday, March 30, 2021. (FRANCEINFO / RADIOFRANCE)

The economic situation will improve significantly before the end of the year. The CEO of Bpifrance is convinced of this. Eco guest of franceinfo, Nicolas Dufourcq is counting on an “catapult”.

I think there will be a psychological moment when people will say to each other ‘it’s over,’ “he explains, counting on the progress of vaccination. I think it’s September. And there, will begin one of the most beautiful macroeconomic rebounds that the French economy has ever experienced “, he predicts.

We are arming the catapult and it will be launched in the second half of the year. We see it in all our industries

Nicolas Dufourcq, CEO of Bpifrance

on franceinfo

But how will the most fragile companies withstand the shock of the third wave of the epidemic, and possible new restrictions? The restaurant is closed anyway, so it won’t change a thing for her, replies Nicolas Dufourcq. The solidarity fund is in full play, with a minimum of 10,000 euros per month, for quite a few restaurants. “

It is in this sector – “lhe world of bars and restaurants “ – that the boss of Bpifrance expects the most bankruptcies. But on a global level, for the entire French economy, he considers that business failures will remain limited: In France, in normal years, there are 50,000 bankruptcies. In the years of crisis, in 2012, 2013 or 2014, we had risen to 60,000 bankruptcies. In 2020, we are at 40,000 [et même 31 212, selon la Banque de France], thanks to loans guaranteed by the State (…) I think that in 2021, we will go back to 60,000. There will be a delay effect, and there will perhaps be a little more. And then it will come back down… “

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