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Financial decision-maker sentiment: France

An ongoing look at how the attitudes of financial decision makers in France are evolving during the COVID-19 pandemic.

Almost all financial decision makers in France view the current economy as neutral or weak. Additionally, over half view their current financial situation as weak or somewhat weak, and almost all expect it to remain the same or worsen in the next three months. Less than half of consumers are concerned or somewhat concerned about their job security and a similar amount have four months or fewer in savings to live off. Consumers have decreased usage across all payment vehicles, especially in-person methods like cash. Though sentiment is net negative, most consumers feel banks are performing per their expectations, and many would like them to increase the contactless payment limit.

About the author(s)

Javier Martinez Arroyo is an associate partner in McKinsey’s Paris office, John Euart is an associate in the New York office, Nuno Ferreira is an associate partner in the Lisbon office, Gonçalo Niza is a specialist in the Madrid office, and Nadya Snezhkova is a specialist in the London office.

The authors would like to thank Harshit Gupta for his contributions to this article.

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