Posted on Sep 29, 2021 at 11:07 AMUpdated Sep 29, 2021, 2:18 PM
How did French SMEs and VSEs withstand the shock of the economic crisis linked to the coronavirus? In an unprecedented exercise, the Economic Analysis Council (CAE), a think tank attached to Matignon, combed through the bank accounts in August 2021 of some 100,000 VSEs, SMEs and individual companies of Crédit Mutuel Alliance Fédérale in order to draw up an inventory.
His study, published on Wednesday, concludes on a reassuring note for the executive. The risk of a wave of defaults is very limited in the short term. Seventeen months after the start of the pandemic, the picture is indeed encouraging. Thanks to loans guaranteed by the State (PGE), the SMEs and VSEs scrutinized by the CAE have more abundant cash flow than before the crisis. On the other hand, those in a “fragile” cash situation are much less numerous. And this observation applies to almost all sectors.
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