Sometimes there is good news… that is neither left-wing nor right-wing!
After the year of hardship, with a record recession of -8% in 2020 due to the spread of the pandemic, here comes the year of return to growth, and what growth it is!
The French GDP reached 7% in 2021, a surge unseen for 52 years, according to an initial estimate published on Friday, January 28 by Insee.
The French economy now “clearly exceeds” its pre-health crisis level, emphasizes the National Institute of Statistics.
With a fourth quarter in 2021 that saw growth of 0.7%, the French economy now “clearly exceeds” its pre-health crisis level, emphasizes the National Institute of Statistics.
Many indicators are indeed in the green, with an employment rate not seen since 1975, a record drop in unemployment, and even business investment that has surpassed its pre-crisis level, resulting notably from the large-scale public support measures (partial unemployment, solidarity funds, etc.) implemented to counter the epidemic.
In total, the state spent a bit more than 60 billion euros last year, at the cost of a public deficit expected to be around 7% and public debt around 113%.
