France: growth is on the rise again this quarter
The French Minister of the Economy, Bruno le Maire.
Eric Piermont AFP / Archivos
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French growth is approaching its pre-crisis level.
The GDP jumped in the second quarter of 0.9%, it is slightly higher than the + 0.7% that the INSEE (National Institute of Statistics) expected.
Despite a month of confinement in April, the French consumed.
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Household spending, the engine of the French economy, played an important role in this rebound in growth since it increased by 0.9% in the second quarter, at the same rate as the GDP.
Consumption was particularly dynamic in accommodation, catering and transport, in particular because of
the reopening of bars and restaurants.
Global investment has also accelerated over the same period, especially in businesses, which shows that the French economy is on track to achieve growth of 6% this year, one of the highest in the area. euro.
This would allow GDP to return to
its pre-crisis level
from the start of 2022, as the government hopes.
An “
exceptional performance
” of the French economy, welcomed the Minister of the Economy Bruno Le Maire this Friday, July 30 on
France inter.
This should allow us to return to the pre-crisis level at the start of 2022
The Minister of the Economy, Bruno le Maire, on France Inter
However, there is an uncertainty over these forecasts: the impact of
the fourth wave of the epidemic in
France due to the spread of the Delta variant.
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Economic crisis
France
Coronavirus
Economy