The French economy is expected to dip about 10% this year, despite a recovery in the “progressive” activity from the third quarter, according to an estimate published Tuesday by the Bank of France, which considers that GDP will not return to its pre-crisis level before mid-2022. This forecast is close to that of the government, which anticipates a recession of 11% this year.
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After the “shock, very strong,” caused by the containment, with in particular a fall in gross domestic product (GDP) estimated at 15% in the second quarter, the economy is expected to rebound by 7% in 2021, and then increase by another 4% in 2022, provides for the French central bank. Interviewed on franceinfo, the governor of the institution, François Villeroy de Galhau ensures that “the French economy is climbing back up pretty quickly diving brutal march.” A situation which is explained, in particular “through the déconfinement”, he detailed.
