The Mayor maintains the 2022 growth forecast

The Minister of the Economy Bruno Le Maire maintains the government’s growth forecast for France 4% in 2022, according to him the Omicron variant having a low impact, in an interview with Figaro published on Tuesday.

I remain very confident for French growth, he said, adding without further clarification that the growth was above the 6.25% announced in 2021.

The Banque de France estimated on December 19 that the growth of the economy would reach 3.6% this year, after 6.7% in 2021.

The budget deficit for 2021 will be significantly less than 8% (of GDP) against 8.2% expected, tax revenues having been higher than expected, noted Mr. Le Maire.

The target measures to help the sectors particularly affected by Omicron should cost around one hundred million euros, he repeated, saying that he was once again open to any additional device (…), in particular on social security tax exemptions, as he said earlier in the day after a meeting with employers’ organizations.

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Bruno Le Maire has also made a commitment to keep Prime Minister Jean Castex’s promise to limit the increase in electricity tariffs to 4% in 2022, promising that in the coming days the presentation of an additional solution concocted with EDF, which will be added to the 8 billion euros of tax reduction already acts.

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