The French very pessimistic about the future of the country’s economic situation

According to the Odoxa barometer for BFM Business, Challenges and Abeille Assurances, more than three-quarters of French people say they are “less confident” in the future of the country’s economic situation. Inflation and rising energy prices top their concerns.

As the presidential elections approach, the French show their pessimism. According to the Odoxa barometer for BFM Business, Challenges and Abeille Assurances* carried out at the end of March, 77% of them say they are “much less confident” about the future of the country’s economic situation. This is nine points more than a month ago.

While Eric Zemmour’s supporters are the most pessimistic (95%), this sentiment is also clearly expressed among those from the National Rally (89%), the Republicans (81%), the Socialist Party (76%), the Greens ( 75%). ) and rebellious France (68%).

Supporters of The Republic on the Move are more divided: 50% say they are “much less confident” in the future economic situation in France and 49% “much more confident” (1% do not comment). A proportion of optimists that, however, plummeted 17 points in a month.

Inflation tops concerns for the future

For three quarters of those surveyed (73%), 2022 will be a year of economic difficulties. A net increase of 31 points compared to January. On the contrary, only 6% (-7 points) expect a year of economic boom and 21% (-24 points) believe that it will be similar to 2021 in this regard.

This loss of confidence is reflected in the French economic morale index, which collapsed to -54 in March, from -36 a month earlier. This is the first time since its measurement began 16 years ago that this indicator has had a downward trend in the run-up to a presidential election.

Among the main concerns about the future of France in the coming months, inflation and the rise in energy prices come first (53%), ahead of the consequences of the war in Ukraine on the economic situation and France (42%) and the risk of military escalation with Russia (31%). Then comes a significant resumption of the Covid epidemic (17%), the result of the presidential election and the explosion of social conflicts after the vote.

The French criticize the balance of Emmanuel Macron

Three days before the first round of the presidential elections, the results of the French judge Emmanuel Macron are negative. Two thirds (66%) of them describe their general economic balance as “quite bad” and there are even more (78%) who express this opinion when it comes to the evolution of purchasing power during the five-year period.

More than 6 in 10 respondents (61%) also disapprove of the outgoing president’s record on taxes and levies. They are also the majority to criticize his results on unemployment (57%) and on the attractiveness of France for foreign investors (55%). Finally, 53% of those surveyed judge Emmanuel Macron’s performance in the face of the health crisis negatively.

* Survey conducted on March 29 and 30, 2022 according to the quota method with a sample of 1,005 French representative of the French population aged 18 or over.

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