French Finance Minister reaffirms 5% growth forecast for France in 2021

French Economy and Finance Minister Bruno Le Maire attends a news conference for the launching of the 2020 income tax campaign at the Bercy Finance Ministry in Paris, France

French Finance Minister Bruno Le Maire reaffirmed on Wednesday that the French economy should grow by 5% in 2021, and told BFM TV that financial aid measures to deal with the impact of the COVID-19 crisis should remain until the end of the pandemic.

Earlier this month, France had cut its 2021 growth forecast to that 5% figure from an earlier 6% target, as a result of the country’s third national lockdown to tackle the coronavirus pandemic.

Bars and restaurants have already been closed for months, while tourist travel is at a standstill, although unlike when France entered its first national lockdown a year ago, construction work and manufacturing are among business areas still ticking over.

The French government may consider re-opening some businesses in May, if it feels the COVID-19 situation in the country is improving.

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