Finance Minister Le Maire sees French economy back to pre-COVID levels by H1 2022
Reuters
Published May 10, 2021 03:18AM ET
By Dominique Vidalon
PARIS (Reuters) - The French economy will return to its pre-COVID 19 levels of economic activity by the first half of 2022, said French Finance Minister Bruno Le Maire on Monday, who also reaffirmed his target of 5% economic growth for France in 2021.
"Economic growth is back in the first quarter... I think we will have a strong growth in 2021," Le Maire told France Info radio.
He ruled out a second economic stimulus plan on top of France's current 100 billion euros ($122 billion) economic stimulus plan.
Le Maire, added, however that it was fair to raise the issue of longer-term investment plans for France.
President Emmanuel Macron pointed last week to a "second period of recovery" that would see investment accelerated, triggering speculation in the press and among economists that a second round of stimulus was in the pipeline.
($1 = 0.8226 euros)
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.