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France 24
France 24
Politics

French economy will return to pre-Covid levels by 2022, finance minister says

French Finance Minister Bruno Le Maire at World Trade Organisation (WTO) headquarters in Geneva, Switzerland, on April 1, 2021. © Denis Balibouse, AFP (file photo)

The French economy will return to its pre-Covid-19 levels of economic activity by the first half of 2022, French Finance Minister Bruno Le Maire said on Monday, reaffirming also his target of 5% economic growth for France in 2021.

"Economic growth is back in the first quarter... I think we will have a strong growth in 2021," Le Maire told France Info radio.

He ruled out a second economic stimulus plan on top of France's current €100 billion ($122 billion) economic stimulus plan.

Le Maire added, however that it was fair to raise the issue of longer-term investment plans for France.

President Emmanuel Macron pointed last week to a "second period of recovery" that would see investment accelerated, triggering speculation in the press and among economists that a second round of stimulus was in the pipeline.

(FRANCE 24 with REUTERS)

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