Wednesday, 19 January, 2022

EXCLUSIVE Coronavirus – Gérald Darmanin and Bruno Le Maire: “The emergency plan revised to 100 billion euros”


The two ministers of Bercy unveil to the “Echos” the main lines of the new amending budget which will be unveiled next Wednesday in the Council of Ministers. The recession forecast drops from -1% to -6%. The public deficit is now expected at 7.6% of GDP, while the debt could climb to 112% of GDP at the end of 2020. The emergency plan to support the economy is now estimated at 100 billion, against 45 billion announced initially.

The corrective finance bill will be presented next Wednesday to the Council of Ministers by Bruno Le Maire and Gérald Darmanin.

After almost a month of confinement, what is your growth forecast for 2020?

Bruno Le Maire: Our growth forecast for 2020 is -6%. This is the biggest recession in France since 1945. Unknowns remain and this forecast may change further, in particular with regard to the duration of confinement and exit procedures. This is decisive: the longer the confinement lasts, the weaker the growth.

The two ministers of Bercy unveil to the “Echos” the main lines of the new amending budget which will be unveiled next Wednesday in the Council of Ministers. The recession forecast drops from -1% to -6%. The public deficit is now expected at 7.6% of GDP, while the debt could climb to 112% of GDP at the end of 2020. The emergency plan to support the economy is now estimated at 100 billion, against 45 billion announced initially.

The corrective finance bill will be presented next Wednesday to the Council of Ministers by Bruno Le Maire and Gérald Darmanin.

After almost a month of confinement, what is your growth forecast for 2020?

Bruno Le Maire: Our growth forecast for 2020 is -6%. This is the biggest recession in France since 1945. Unknowns remain and this forecast may change further, in particular with regard to the duration of confinement and exit procedures. This is decisive: the longer the confinement lasts, the weaker the growth.