27 May 2020 | A green re-opening
As our children head back to schools, stores slowly re-open and many of us head back to our offices often on alternative teams, one should not be surprised that incoming economic data is poor with a disappointing French PMI today – as manufacturing confidence fails to recover in May. What is more important is that the French President announced an 8 billion euro package for the auto industry with the aim in part of sharply boosting electrical vehicle production. Such measures to re-start the economy and boost the Green objectives of the European Union are a source of growth and idea generation that will increasingly filter through the wider EU economy.
What does it mean? We continue to prefer Climate solutions with a focus on growth companies in the multiple lines of development of the Green economy. This megatrend should slowly and steadily build up over time.