BNP's Berard expects full impact of higher rates in '24 or '25

The video discusses the impact of pension reform protests on France's image as a business hub, asserting that France remains attractive to foreign investors. It examines the European Central Bank's interest rate hikes and their effects on the real economy, noting that inflation in France has peaked. The video also explores the ECB's focus on curbing inflation across Europe and BNP Paribas's investment strategy, emphasizing organic growth and selective tech investments.

What factors contribute to the low unemployment rate in France, and how does it protect against inflation?

What is your perspective on the potential for a recession in France in the near future?

How do you think the ECB's focus on curbing inflation will affect the economic recovery in France?