Faced with the duration of the crisis, the executive forced to revise growth downwards for 2021

The increase in GDP would be only 6%. The budget will be amended to finance emergency measures.

Bercy’s objective “remains to find in 2022 the level of French activity in 2019”. Jean-Christophe Marmara / JC MARMARA / LE FIGARO

The strong rebound in growth of 18.3% observed in the third quarter just after the spring containment was only a short digression. With the re-containment decided to limit the active resumption of the coronavirus epidemic, economic activity is expected to contract by 13% compared to normal in November, according to INSEE forecasts published on Tuesday. An estimate close to that of the Banque de France which expects a fall of 12%. As for household consumption, it should deteriorate significantly with an estimated drop of 15% compared to the fourth quarter of 2019.

Admittedly, this new fall is much less severe than during the first confinement, which caused a collapse in activity of around 30% last April. “Astonishment has indeed given way to adaptation and learning.», Underlines the experts of INSEE. The use of telework, health protocols now “relatively well established»Or the opening of schools

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