Focus – impact de la COVID-19 A violent crisis, but only temporary and without The government supporting the economy... … but triggering a debt deepening In line with the relative optimism regarding consequences for France in the long run? In an economy that has been slowing down The consequence of these ambitious the economic environment for the next 2-3 Nearly 60% of American investors believe that since March 2020 and the first lockdown, U.S. support measures is the substantial years, more than ¾ of US investors believe the Covid crisis will not have any impact on investors are praising the support measures increase in public debt, which worries 70% that it will take 2 years or less to return to their investments in the medium term. implemented by the French government. 96% of American investors. They fear strong fiscal an economic activity comparable to 2019. In particular, they note that the crisis has led of them find these measures as competitive, adjustments in the coming years to offset More than 1/3 even think they could reach them to postpone some investment decisions or even more competitive, than the measures this spending. that level in less than a year. but should not cause them to change course. implemented by of other European countries. 24% nevertheless think they will reduce their Indeed, more than half of American investors investments, particularly because of the post- (53%) consider that these measures are more crisis restructuring that will be necessary. competitive compared to the rest of Europe. Investors also positively welcome the recovery plan. 96% of them consider it “as competitive” as the other European countries or more with 39% of them finding it more competitive. In your opinion, how long will it take your What will be the impact of the Covid-19 crisis How did your headquarters perceive What is your opinion regarding company to return to its pre-Covid-19 on your investments in France in the medium the measures taken by the French public the public debt? economic activity level? term? authorities to support companies since the beginning of the Covid crisis? In comparison with other European countries 3% 1% 4% 10% 3% 4% 21% 6% 22% 18% 42% 40% 43% 58% 40% Don’t know Much less competitive 36% Very negative Don’t know More than five years Negative Less competitive 28% Confident Three to five years Neutral As competitive Neutral One to two years Positive 13% More competitive Worried 1% 8% Much more Less than a year Very positive competitive Very worried 2020 2020 2020 2020 st st 20 21 edition AmCham-Bain Barometer 21 edition AmCham-Bain Barometer 21