DECRYPTION – The epidemic of coronavirus has caused an unprecedented situation which poses, both among economists and in the corridors of Bercy, the question of the functioning of our economy.
The coronavirus is a “Game changer” in globalization, in the words of the Minister of Economy and Finance Bruno Le Maire. The epidemic has put a stop to China, the world’s second largest economic power. It also worries South Korea and more generally Asia. After two months, she saved herself a serious place in Europe.
The economic repercussions are already on the books. Air France-KLM estimates its shortfall between 150 and 200 million euros. 300 million for Schneider Electric, 100 million for Danone, 5 million for Accor … Apple fears a shortage of iPhones due to major supply difficulties, the majority of its products being manufactured in China. Luxury specialist Kering, which makes a third of its sales in the Asia-Pacific region, has closed part of its network of shops in China and hundreds of other companies are coughing and bowed to the virus. The toy market, still relatively spared, is closely monitoring the
