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Banque de France : latest news

Please find some selected news from Banque de France’s office in Singapore:

A blog note on French exports in 2020: aerodependence

The pandemic has hit certain economies harder than others as a result of their particular sectoral specialisation. France’s specialisation in aeronautics, for example, explains nearly two-thirds of the decline in its global export market shares in the second half of 2020, and a third of the 8 percentage-point decline over the full year.

French exports in 2020: aerodependence

 

A blog note on The private non-financial sector increased its foreign asset position in 2020

In 2020, the current account deficit of the balance of payments reached its highest level since 1982. It was financed by larger purchases of government securities by non-residents than in 2019, amounting to EUR 86 billion, which covered both the current account deficit and the increase in net private sector assets.

The private non-financial sector increased its foreign asset position in 2020

 

 

 

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