What would be the value, for the French economic system, of the commerce warfare launched by the United States? “Trump’s policy can cost us more than 0.5 % gross domestic product (GDP)”warned Prime Minister François Bayrou in an interview revealed Sunday, April 6 in The Parisian. If this determine was to be confirmed, it could be a cease inflicted on the French economic system: progress, which reached a modest 1.1 % in 2024, mustn’t exceed 0.7 % this yr, in line with the newest estimates from the Banque de France.
The National Institute of Statistics and Economic Studies (INSEE), which doesn’t projection in the long run, tables a progress achievement of 0.4 % in mid-2025. No have to be an skilled to know that just a few fewer GDPs would depart French progress to the bone, with cascade results. “The risk of job losses is absolutely major, such as an economic slowdown, an investment stop”, provides the chief of the chief. In the aftermath of the “Liberation Day”, the day of the announcement of customs duties, the president of Medef, Patrick Martin, estimated that “Hundreds of thousands of jobs were threatened” In France.
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