The IMF lowers its development forecast to 0.7% for France in 2024 | EUROtoday

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Mdangerous information for Bruno Le Maire. While the Minister of the Economy has been dealing with criticism for a number of weeks from the opposition – and even from the Head of State – for his administration of the general public deficit, the International Monetary Fund (IMF) has lowered its development forecast for France in 2024 this Tuesday April 16.

The monetary establishment now estimates that the expansion of French gross home product (GDP) will improve by 0.7% this yr as a substitute of the 1% introduced on January 30. Already on the time, the IMF had diminished its development forecast by 0.3 factors in comparison with the autumn.

READ ALSO Macron, the person with 1,000 billion in debtOur German neighbors, the one ones to expertise a recession in 2023, are additionally experiencing a discount of 0.3 factors of their development forecast, from 0.5 to 0.2%.

Significant deficit in 2023

However, world development is predicted to succeed in 3.2% in 2024, in comparison with 3.1% beforehand. These are notably pushed by the American economic system, with a forecast improve of two.7% as a substitute of two.1%.

On March 26, 2024, figures revealed by INSEE confirmed a public deficit of 5.5% of GDP in 2023. A month earlier, Bruno Le Maire introduced a financial savings plan of 10 billion euros then that it diminished its development forecast in France from 1.4 to 1% for the yr 2024.

However, oppositions contemplate this measure inadequate to get the deficit beneath 3% in 2027, a purpose just lately reaffirmed by Emmanuel Macron. The govt was just lately divided on the superprofit tax and the tax improve.



https://www.lepoint.fr/economie/le-fmi-abaisse-sa-prevision-de-croissance-a-0-7-pour-la-france-en-2024–16-04-2024-2557891_28.php

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