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

For how long will this favourable business climate 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 indsutry

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

Standstill in the French market but 62 % of French

produced cars registered outside of France

+ 1,5 %

Pharmaceuticals

Exporting industry

+1%

Food industry

Lower production costs

+ 0,5 %

BUSINESS SWEDEN
SOURCE: 2

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 ACCORDING TO
PWC STUDY

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