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France's Le Maire sees 2021 growth higher than 6.25% forecast

Tuesday, January 4, 2022
France's Le Maire sees 2021 growth higher than 6.25% forecast © Reuters. FILE PHOTO: French Economy and Finance Minister Bruno Le Maire attends a joint news conference with Paschal Donohoe, Eurogroup President and Irish Finance Minister, (not seen) after a meeting at the Bercy Finance Ministry in Paris, France, November 29, 20

PARIS (Reuters) -French Finance Minister Bruno Le Maire said on Tuesday that the country's growth would be significantly higher this year than the government's current forecast of 6.25%.

Le Maire also told RTL radio that even though the surge of the Omicron coronavirus variant was disrupting some sectors there was no risk of it paralysing the economy.

"There may be some difficulties in January but there is no risk whatsoever of the economy being paralysed by Omicron", he said.

The latest COVID-19 variant sweeping across the globe has put France's average number of daily new cases at a record level of 167,338, a figure that jumped almost fivefold in a month.

Le Maire stood by its forecast for 4% economic growth for this year but for 2021 he said the gross domestic product (GDP) would be significantly higher than the current 6.25% government forecast.

This forecast is at the low end of a range of official projections, with the Banque de France seeing the 2021 GDP at 6,7%, the IMF at 6,75% and the OECD at 6,8%.

"(France) will have a 2021 public deficit that will 'significantly lower' than 8% of gross domestic product whereas the government had expected an 8.2% ratio", Le Maire also said.

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27-01-2022 02:42:31 (UTC+7)

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 EUR/USD1.1212Sell
 GBP/USD1.3428↑ Buy
 USD/JPY114.75↑ Buy
 AUD/USD0.7075↑ Buy
 USD/CAD1.2716↑ Sell
 EUR/JPY128.65↑ Buy
 EUR/CHF1.0381↑ Buy
 Gold1,810.90↑ Sell
 Silver23.192↑ Sell
 Copper4.4387↑ Buy
 Crude Oil WTI87.02↑ Buy
 Brent Oil88.43↑ Buy
 Natural Gas4.080Neutral
 US Coffee C238.13↑ Sell
 Euro Stoxx 504,164.60Neutral
 S&P 5004,349.93↑ Buy
 DAX15,459.39↑ Buy
 FTSE 1007,469.78↑ Sell
 Hang Seng23,753.50↑ Buy
 Small Cap 20001,971.72Neutral
 IBEX 358,620.20↑ Sell
 BASF67.310↑ Buy
 Bayer51.55↑ Buy
 Allianz224.80↑ Sell
 Adidas243.20↑ Sell
 Lufthansa7.067↑ Sell
 Siemens AG141.24Neutral
 Deutsche Bank AG11.420↑ Sell
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