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According to figures from the Banque de France, the economy is slowing down and business failures are exceeding their pre-covid level. As a result, some companies are forced to go out of business. How to explain it? Response elements.
In a Parisian restaurant, each new invoice is a blow for the owner. She has to pay rent of 10,000 euros each month, and that’s far from the only expense. During the health crisis, the manager of the restaurant had taken out loans guaranteed by the State. Today, everything must be repaid. “We had borrowed three times 50,000 euro, […] that’s a little over 3,000 euros a month”says Audrey Antoine, the restaurant manager The Italian bistro. Every month, she says she pays more than 50,000 euros and ends up in the red.
A series of shocks
With inflation, she dreads the next few weeks. “I’m extremely scared […] to have to fire my employees“, she worries. Like this, companies in difficulty, there are more and more. Over the past 12 months, approximately 47,000 companies have gone bankrupt. Compared to 2019, VSE failures increased by 49.9%. In question, a multitude of shocks. Denis Ferrand, economist and managing director of Rexecodeexplain : “It is the increase in food prices. […]. It’s the recruitment difficulties and the salary increases.“