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.