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French audit body chief says government too optimistic on economic outlook

Friday, July 29, 2022
French audit body chief says government too optimistic on economic outlook © Reuters. FILE PHOTO: French First President of the Cour des Comptes Pierre Moscovici speaks during a news conference to present the annual financial report of the Court of Auditors (Cour des Comptes) in Paris, France, February 16, 2022. REUTERS/Benoit Tessier

PARIS (Reuters) - French President Emmanuel Macron's government is too optimistic about the economic outlook and its plans for reducing public debt and the deficit are based on reforms that have yet to be implemented, the head of the top public audit body said.

In an interview with Le Figaro newspaper, Pierre Moscovici said a note on its economic outlook that France is due to send to the European Commission already factors in the positive effects of reforms of pensions and unemployment benefits.

"Neither the form nor the effect of these reforms have been quantified, and the forecast is based on the idea that the results of these reforms will be major and virtually immediate, which is far from certain," Moscovici was quoted as saying.

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19-08-2022 14:36:44 (UTC+7)

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 EUR/USD1.0090↑ Buy
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 USD/CAD1.2970↑ Sell
 EUR/JPY137.71Sell
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 Gold1,767.35Sell
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 Crude Oil WTI89.46Buy
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 Allianz177.38↑ Sell
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 Deutsche Bank AG8.701↑ Sell
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Cập nhật 19-08-2022 14:36:46
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