Economic situation: what is the reaction of the economy of the French Riviera (Nice-Matin)

Posté ven 21/09/2001 - 00:00
Par admin

What’s the reaction of the economy of the French Riviera after the degradation of the world economic climate which has followed the attacks in America ? L’Eco Nice-Matin of Thursday September 20th has investigated and has brought elements to answer. First diagnosis in the article "L'économie azuréenne en situation de risque": with a preponderant tourist population and a large presence of the USA, the first foreign investors in the Alpes-Maritimes, the economy of the French Riviera is threatened by the crisis which is coming, it is said. The tourism industry has been instantaneously hit. Travel agencies, congress organizers, hotels have experienced a wave of cancellations while there is almost no booking.For the moment, industry has not been hit. But, particularly in the NICT (New Information and Communication Technologies), a sector which was already in crisis before the events, a world recession would have disastrous effects on already weakened companies. Another subject tackled in this file of the Eco Nice-Matin: office real estate with a market reversal to come.

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