The health situation remains highly uncertain and disruptive for the economy, but the impact of successive waves of the epidemic is diminishing in many countries. Economic activity is experiencing phases of very dynamic recovery, causing shortages. Tensions are exacerbated by persistent disruptions in global supply chains (breakdowns, desynchronisation, etc.), also caused by the health crisis.

As such, global economic growth is expected to be around +6.0% in 2021. This increase is also the forecast for the French economy.

Apart from health risks, the main short-term concern is inflation. It could exceed the levels that would trigger tightening measures by central banks, which have decided not to intervene for the time being.

The French road haulage sector experienced a significant upturn in activity at the end of 2020, and since then, average growth has been relatively low. Driven by rising fuel prices, costs are under strong inflationary pressure, ranging from +4.1% to +5.2% year-on-year.

The TRV remains more structurally affected. Currently, with the start of the new school year, the shortage of drivers is exacerbating the sector's difficulties.