According to the latest figures released Wednesday, September 16 by the Ministry of the Economy and Finance, the recession would be less severe than expected in 2020, thanks to a recovery in activity above expectations this summer. The GDP, the wealth produced in the territory, would record a decline in 2020 estimated at -10%. So far, the government estimated the decline in GDP in 2020 at -11%. For 2021, the Ministry of the Economy is banking on a sharp rebound in GDP growth: + 8%.
A recovery driven by the 100 billion euros injected into the economy with the recovery plan. Bruno Le Maire even promises that the effects of the crisis will be erased from 2022. But this optimistic scenario depends on the evolution of the epidemic, still unknown to this day. And this stimulus plan has a cost for public finances: the debt will soar to 116.2% of GDP according to government estimates.
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