Like the sky, forecasts are getting increasingly gloomy…
According to ECB forecasts, the GDP of the eurozone is expected to rebound by 5.2% in 2021 and 3.3% in 2022.
Inflation is expected to be at 0.3% in 2020, 0.8% in 2021, and 1.3% in 2022, compared to 1.1%, 1.4%, and 1.6% in its previous forecasts in March. These figures continue to stray further from the ECB’s target of inflation “close to but below 2%” in the eurozone.
In France, the Government states that the public deficit will widen to 11.4% of GDP in 2020, more than the 9.1% anticipated until now. Last year, this deficit was at 3% of GDP. Public debt will swell to 120.9%.
After the emergency plan of over 110 billion euros already approved, the government plans to mobilize 40 billion euros to support struggling sectors,
