Wednesday, June 9, 2021

French economy to go back to pre-COVID levels by Q1 2022, Le Maire states -JDD


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Economy Jun 05, 2021 06: 15 PM ET

French economy to return to pre-COVID levels by Q1 2022, Le Maire says -JDD © Reuters. SUBMIT PICTURE: Guys, using protective face masks, stroll at Trocadero square near the Eiffel Tower in Paris in the middle of the coronavirus illness (COVID-19) break out in France, January 22,2021 REUTERS/Gonzalo Fuentes

PARIS (Reuters) – France’s economy will go back to pre-COVID 19 levels by the very first quarter of 2022, Financing Minister Bruno Le Maire informed weekly JDD, as a return of costs and financial investments lay the ground for a healing.

Le Maire, who declared his target of 5%financial development for France this year, stated the current rise in charge card payments, increasing holiday reservations and skyrocketing clothes purchases revealed that France was rapidly going back to development.

The minister stated the nation’s financial obligation, which swelled throughout the pandemic to money assistance steps, must start to support in 2025 and after that reduce. He stated he anticipated the general public deficit to be listed below 3%of gdp in2027

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