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The impact of the Covid-19 accumulate on the economy. The Economy minister, Bruno Le Maire, said it again at the microphone of RTL this morning, "the worst is ahead of us". In the meantime, the government is obliged to review all its economic forecasts.
GROWTH Before the crisis, was rather above the average european. For 2020, Bercy anticipated to be 1.4%. More weeks pass, the more the executive is forced to break down this goal. We no longer talk of growth, but recession. The most important since the Second world War, according to the words even of the tenants of Bercy, Bruno Le Maire, and Gérald Darmanin. A month ago, this recession was forecast at 8%. The plunge of the GDP is reviewed today, Tuesday, at 11%.
DEFICIT The ambition in terms of public finances was significant, the balance at the end of the quinquennium, being the objective. Las, it is now unattainable. In the latest draft of the amendment to the finance act, Bercy was a public deficit of 9% and a public debt - which would have had to start back this year - 115%. A level totally unprecedented, and which will be degraded in the new text of the budget 2020 that the government will report on June 10, in the council of ministers.
UNEMPLOYMENT The crisis is also coming to upset the improvement on the job front. On a downward slope since mid-2015, the unemployment curve would have been closer to 7%, which Emmanuel Macron, had set as a target for 2022. To rise again, she should cross to the rise in the symbolic threshold of 10%, said Tuesday the minister of Labour, Muriel Pénicaud. "There are still three months, "we had the flashing green to go to 7%, then we get away from it", she indicated on BFMBusiness.
