French Finance Minister Bruno Le Merre said on Tuesday that the country’s growth would be significantly higher this year than the government’s current forecast of 6.25%.
Bruno Le Mer also told RTL radio, according to Reuters, that although the outbreak of the Omicron variant of the coronavirus is disrupting some sectors, there is no risk of paralyzing the economy.
“There may be some difficulties in January, but there is absolutely no risk of the economy being paralyzed by Omicron,” he said.
The Omicronpo variant is sweeping the globe has raised the average number of daily new cases in France to a record 167,338, a number that has nearly increased fivefold in one month.
Bruno Le Mer remained in his forecast for 4% economic growth for this year, but for 2021 he said that GDP will be significantly higher than the current government forecast of 6.25%.
“France will have a public deficit in 2021 that will be ‘significantly lower’ than 8% of GDP, while the government expected 8.2%,” Bruno Le Mer also said.
.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
