This year, growth would reach 2.7% instead of 2.5%, Bruno Le Maire announced on Wednesday morning.
After a record year in 2021, activity in 2022 should hold up relatively well, despite the international storms. Invited on Cnews, this Wednesday morning, the Minister of Economy and Finance announced to revise the growth forecast for this year upwards, from 2.5% to 2.7%. “France has a good year 2022 […]. I tell all the Cassandres […]as consumption is holding up, business investment is holding up, job creations are still very dynamic, we are going to revise the growth forecast“, declared Bruno Le Maire.
Saluting the “good performance of the French economy“, the Minister admitted that France remained affected by the difficulties, adding however that the country “did not enter a recession“. A few days earlier, INSEE statisticians estimated that growth would reach 2.6% this year, specifying that “the growth “acquis” for 2023 would be modest“. A point of view shared by Bercy, which has also just revised downwards its growth forecasts for next year, to 1%, against 1.4% expected so far. The Banque de France also expects a significant slowdown in activity next year.
Prices should continue to soar next year: Bercy has also revised its inflation forecast upwards, from 3.2% to 4.2%. This winter, inflation, driven by energy prices, will remainvery high“, conceded Bruno Le Maire. Then, “in the course of 2023she should start to slow down, he added. Despite the maintenance of the tariff shield, energy prices should however increase from the beginning of next year, in order to pass part of the burden on households and businesses, and not on the State. Elisabeth Borne will specify Wednesday afternoon the contours of the expected increases.
The pension reform, afiery necessity»
The boss of Bercy also spoke out, for the umpteenth time, in favor of a pension reform. While the Pensions Orientation Council (Cor) will present its latest forecasts this week, Bruno Le Maire assured that he “there is no alternativeto the idea of working more, collectively. “I will continue to advocate the burning need for pension reform […] announced for summer 2023“, hammered the member of the government.
However, the Minister did not comment on how to carry out this explosive file, while rumors suggest that an amendment modifying the contribution period could be tabled on the sidelines of the social security budget (PLFSS), considered this fall in Parliament.