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It is time for France to draw up a multi-year plan to reduce public spending, says the EU's economic cooperation organization OECD. The support measures during the pandemic have led to a record high government debt, while the French government is planning large investments for a fossil-free economy and measures to deal with the aging population. The economic recovery in France after the pandemic has exceeded expectations. Growth is expected to be 6.8 percent this year and 4.2 percent next year. The OECD says that it is time for France to review spending and create a multi-year plan to reduce central government debt, similar to the one we had in Sweden before the pandemic. They also want to see more emphasis on investments and less on social spending for, for example, pensions. French Finance Minister Bruno Le Maire has supported the idea of an economic action plan, but President Emmanuel Macron has not yet backed the proposal.

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