Air, automobile … Sectors hit hard by containment

He anticipates a recession in 2020 and assured that “the restart will be longer” in a number of sectors, notably citing the automobile. If companies are less affected by the crisis, such as those of large distribution or those offering subscription services, others are stopped and could experience great difficulties once the containment measures are lifted. The president of Medef, Geoffroy Roux de Bézieux, went on Monday to rule in favor of the nationalization of French companies that were too severely penalized. A speech however not in the habits of the employers’ union.

He notably mentioned on hooly-news.com the case of Air France, which “has no more turnover, or almost no more” currently. “Large companies will in any case be saved, bailed out,” said Christopher Dembik, chief economist at Saxo Bank. “Bankruptcy risks will mainly focus on small businesses and SMEs, which have an average of two to three months of cash,” he adds.

Read also – A list of companies needing strong state support has been drawn up by the government

In a context where the world has never been so indebted, the risk of default, with serious repercussions on subcontractors and suppliers, is real. At the end of 2019, public and private debts totaled $ 253 trillion, the equivalent of 322% of world GDP, according to the Institute of International Finance. However, much less money is now entering the coffers of companies and, in turn, of the States.

In France, the current loss of activity and the drop in household consumption linked to the health crisis is estimated at 35%, according to a first estimate from INSEE. Here are the sectors that seem to be the most vulnerable today by the Covid-19 pandemic:

Airlines: companies forced to nail their planes to the ground

Companies

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