Slower growth in 2023 will penalize deficit reduction, announces the Ministry of Finance

Sumary of Slower growth in 2023 will penalize deficit reduction, announces the Ministry of Finance:

  • The lower than expected growth expected for next year will have repercussions on the reduction of the public deficit which will not change next year and will still represent 5% of gross domestic product with a return below 3% of here 2027.
  • Growth should gradually accelerate to 1.8% in 2027 when the economy benefits from the effects of the reforms, he anticipates.
  • Revising its long-term forecasts, the ministry said it anticipates a slowdown in growth to 1.4% in 2023 from 2.5% this year.
  • PARIS (Reuters) – France’s economic growth will slow considerably next year due to geopolitical risks, pushing back prospects for improved public finances, the finance ministry said on Thursday.

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