France: Improved confidence will boost consumer spending by EUR10bn in 2021

Household confidence will play a key role in France’s economic recovery from the Covid19 crisis . But unlike consumption, confidence never recovered to its pre-crisis level even when the first lockdown was lifted. After a short-lived rebound in June, and with the implementation of a second lockdown in November, confidence has deteriorated severely to near the historically low level seen in December 2018 during the peak of the ‘Yellow Vest’ movement.

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