Economy. Denis Camillini (Banque de France): “Paradoxically, there are very few failures”

    Economy. Denis Camillini (Banque de France): “Paradoxically, there are very few failures”

    The Banque de France has a front row seat to take the pulse of the economy and perceive the signs of corporate failure. While the institution is preparing its economic report to be published next week and is currently carrying out its major annual survey on the health of companies, its Moselle departmental director, Denis Camillini, remains cautious: “At the moment, I say it, business resistance may be better than what some observers can say ”. To back up its analysis, it is based on several facts: “The aid systems put in place and perpetuated to enable companies to cope, in particular, with the liquidity crisis, have worked perfectly. Today, the building industry is at an important level of activity and the industry is maintaining itself, except for certain sectors such as aeronautics for example. In addition, the effects of the stimulus plan remain to come. “So many reasons to remain optimistic even if, recognizes the specialist,” the situation of activities that are administratively prevented is much more worrying. The quarter that begins will be decisive for her ”.

    But it is still “too early” to measure the real damage of the crisis, explains Denis Camillini: “The paradox is even the following: never have there been so few failures as at this moment. ”

    The calm before a storm?

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