After forty years of shipwreck, French industrial policy on hold

France Strategy has published a very severe report on the evolution of industrial policies in the country.

Richard Ferrand, President of the National Assembly, hears Thursday by videoconference the France Strategy team about their report on the evaluation of industrial policies in France.
Richard Ferrand, President of the National Assembly, hears Thursday by videoconference the France Strategy team about their report on the evaluation of industrial policies in France. Credit: Twitter @ RichardFerrand

Gloomy atmosphere! “You present us with a rather depressing picture ”, concluded Richard Ferrand Thursday morning, after listening to the economists of France Strategy present to the deputies who are members of the committee for the evaluation and control of public policies their report on the evolution of industrial policies in the country. “Against a background of lack of strategy, for forty years, we have been retreating everywhere. Certainly, we can congratulate ourselves on some successes, but they are clearly in danger today.», Supported the President of the National Assembly.

The report of the center of expertise, attached to Matignon, is, it is true, not positive. He recalls the long descent into hell of French industry, which has lost nearly half of its workforce since 1980 and now only represents 10.3% of total jobs. “The share of industry in GDP fell by 10 points over the same period and thus stood at 13.4% in 2018, against 25.5% in Germany, 19.7% in Italy,

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