France expects the pandemic impact on the economy to intensify

The beginning of 2021 promises to be even more difficult for the French economy.

According to the Figaro, this was stated by French Minister Bruno Le Maire.

“The hardest part is ahead, we will have to show considerable strength of character …. We will have more bankruptcies in 2021 than in 2020, leading to job destruction, which will be difficult to mitigate. And consequently, we will have political uncertainty,” the minister said during a videoconference with the think tank Institut Montaigne.

Despite this, the French government expects the to grow by 6% in 2021.

For the sake of this, the government is also so far working to increase the aid package for businesses, which have been hardest hit by the pandemic. “We will not let them down, we will pay the necessary money,” the minister assured.

Along with this support, the government intends to implement a recovery plan for the more dynamic sectors. “The revitalization began at the end of 2020, we will accelerate it in 2021,” said Bruno Le Maire, referring to the success of several competitive projects that have been launched in recent months.

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