The French economy is on course to rebound by 8% next year and should return to pre-crisis levels by 2022, French Finance Minister Bruno Le Maire said on Thursday.
FILE PHOTO: Bruno Le Maire, French Minister of the Economy, Finance, and Recovery, attends a handover ceremony at the Bercy Finance Ministry in Paris, France, July 7, 2020. REUTERS/Gonzalo Fuentes/File Photo
“I won’t resign myself to a -11% recession. If we step up the measures that we have already decided and make sure they are implemented well, we can do better than -11% in 2020,” Le Maire said to open a debate on the public finances. Le Maire is drafting a recovery plan worth more than 100 billion euros to be presented on Aug. 24, aimed at bringing the euro zone’s second-biggest economy back to pre-crisis levels.
“My objective is that we are able from 2022 to return to a level of growth and national wealth comparable to that before the crisis,” Le Maire told lawmakers.
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