NEWS COVERAGE - FRANCE

ECONOMY AND BUSINESS NEWS FROM THE PAST WEEK

January 23rd, 2014
Business Sweden, Paris

FRANCE: DEPRECIATION OF THE EURO AND DECREASE

OF OIL PRICES TO BOOST THE FRENCH INDUSTRY
} Potential growth supported by four factors:
} Depreciation of the Euro

} The question remaines for how long this favourable

business climate will be sustained

} Decrease in oil prices of 60% since june 2014

} Decreasing prices of electricity and gas
} Tax relief, crdit dimpt pour la comptitivit et
lemploi
Sector

Growth driver

Expected growth in
2015 (volume)

Naval industry

Important orders and construction of passengers liners

+ 20 %

Aircraft industry

Production of Airbus airplanes A350 and A320

+5%

Precision instruments

Exporting industry

+2%

Car industry

62 % of French produced cars registered outside of France

+ 1,5 %

Pharmaceuticals

Exporting industry

+1%

Food industry

Lower production costs

+ 0,5 %

SOURCE: 2
BUSINESS SWEDEN

27 JANUARY 2015

FRANCE: INVESTMENTS IN PARIS AIRPORTS AIMING TO

REINFORCE PARIS POSITION AS AIR TRAFFIC HUB
} Aroport de Paris (ADP) strategy making Paris airports the main hub for aviation in the region
} 5 year project with the aim of reaching 110 million passengers in 2020 from the level of 92,7 million passengers in
2014
} Investment of 3,1 Bn (compared to the old investment investment plan of 2,1 Bn with the scope 2011-2015)
} Fee increase for airline companies of 1,75 % per year starting 2016, compared to 2,4 % in 2015, as well as
significant fee reductions for long travel flights
} Strategy combining new infrastrucutre and a review of fares in order to compete with London and Dubai airports

} Withdrawal of EDF, RWE, Vattenfall and Gas Natural from joint environment project
} Founded in 2005, creating the European Technology Platform for Zero Emission Fossil Fuel Power Plants (ZEP)
} Concept consisting of capturing CO2 emissions from heavy industry and storing it underground

SOURCES: 1, 7 & 11
BUSINESS SWEDEN

27 JANUARY 2015

WORLD: IMF CUTS FORECASTS FOR GLOBAL ECONOMIC

GROWTH WITH A FORECAST OF 3,5 % IN 2015
} IMF forecasts a global growth of 3,5 % for 2015
} Declining oil prices are expected to boost growth rates from 0,3-0,8 %
} The USA is expected to be the leading economy of 2015 with an expected growth of 3,6 %,
creating 3 million job opportunities in 2014

} The downgrading of European economies expected growth of around 0,2-0,3 points

} Expected growth of 1,2 % in 2015 and 1,4 % in 2016
} The French economy is expected to grow 0,9 % in 2015
} The Swedish economy is predicted to grow 2,1 % in 2015, according to the Swedish
Riksbank

} Quantitative Easing programme launched on Thursday: 50 Mrd of asset-buying per month for
12 to16 months
} Inflation of -0,2 % in the Eurozone
} Choice of the BCE opposed by the German Bundesbank

SOURCES: 2, 3, 4, 5, 6, 8 & 10
BUSINESS SWEDEN

27 JANUARY 2015

SWEDISH CEO:S MORE CONFIDENT ABOUT FUTURE

GROWTH COMPARED TO FRENCH PEERS

SOURCE: 9
BUSINESS SWEDEN

27 JANUARY 2015

SOURCES
1. Les Echos 20/01/2015, ADP veut faire de Roissy le premier aroport international dEurope,
http://www.lesechos.fr/industrie-services/tourisme-transport/0204092928411-adp-veut-faire-de-roissy-le-premier-aeroport-international-deurope-1084684.php
2. Les Echos 21/01/2015, 2015 devrait marquer un rebond de lactivit industrielle en France,
http://www.lesechos.fr/industrie-services/industrie-lourde/0204095233364-2015-devrait-marquer-le-re-demarrage-de-lactivite-industrielle-en-france-1085278.php
3. Les Echos 21/01/2015, Le recul des prix du ptrole insuffisant pour relancer la croissance mondiale,
http://www.lesechos.fr/journal20150121/lec1_monde/0204094839255-le-recul-des-prix-du-petrole-insuffisant-pour-relancer-la-croissance-mondiale-1085256.php
4. Les Echos 22/01/2015, Barack Obama Vente une Amrique en plein boom,
http://www.lesechos.fr/journal20150122/lec1_monde/0204097170344-barack-obama-vante-une-amerique-en-plein-boom-1085696.php
5. Les Echos 22/01/2015, QE, dflation...10 questions pour comprendre les annonces de la BCE,
http://www.lesechos.fr/finance-marches/marches-financiers/0204098765721-qe-deflation10-questions-pour-comprendre-les-annonces-de-la-bce-1085512.php
6. Les Echos 22/01/2015, La BCE sur le point de lancer son offensive historique contre la dflation,
http://www.lesechos.fr/journal20150122/lec1_monde/0204097214518-la-bce-prete-a-lancer-une-offensive-historique-contre-la-menace-de-deflation-1085629.php
7. Reuters, Des gants de l'nergie quittent un projet de stockage du carbone, http://fr.reuters.com/article/frEuroRpt/idFRL6N0UY2LI20150119
8. FT, IMF cuts forecasts for global economic growth,
http://www.ft.com/intl/cms/s/0/b54d3144-9ffc-11e4-9a74-00144feab7de.html#axzz3PGmWwIQF
9. PwC 18th Annual Global CEO Survey,
http://download.pwc.com/gx/ceo-survey/index.html
10. Sveriges Riksbank, Aktuell prognos fr repornta, inflation och BNP,
http://www.riksbank.se/sv/Penningpolitik/Prognoser-och-rantebeslut/Aktuell-prognos-for-reporanta-inflation-och-BNP/
11. Zero emission platform,
http://www.zeroemissionsplatform.eu/

BUSINESS SWEDEN

27 JANUARY 2015