China News Agency, Paris, January 28 (Reporter Li Yang) The economic data report released by the French official agency on the 28th local time showed that the French economy is expected to grow by 7% in 2021.
According to the estimated data released by the French National Institute for Statistics and Economic Research on the same day, the French economy will grow by 7% in 2021.
It was the biggest gain in the French economy since 1969.
Due to control measures such as the "closed city" caused by the epidemic, the French economy will drop by 8% in 2020.
The data also showed that the French economy grew by 0.7% in the fourth quarter of 2021, better than the 0.5% expected by economists.
Rising consumer spending and business investment still ensured the level of economic growth in the fourth quarter, as the economy partially overcame the impact of containment measures and related problems caused by tight supply chains.
French Economy and Finance Minister Le Maire expressed satisfaction with the economic data. He believes that the French economy has rebounded sharply. Although some industries, such as tourism and hospitality, still have problems, most industries are recovering strongly and creating jobs.
Le Maire expressed optimism about France's economic prospects, saying that French officials have made the right economic choice; if they continue to move in the same direction, there will be hope for economic growth that seems impossible to achieve.
Some economic analysts pointed out that in the face of the impact of the epidemic, the pace of French economic recovery will slow down at the end of 2021, but the underlying economic demand is still strong, and related services such as hotels and tourism will gradually recover.
Analysts generally see economic data for 2021 as good news for President Emmanuel Macron, helping him boost the election ahead of the presidential election in April.
However, the French economy still faces challenges such as rising energy prices and rising inflation in the short term, and the French government has introduced relevant measures to deal with it.
For now, French business and consumer confidence remains stable.
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