At the end of the Council of Ministers, the economy minister also said that he was “proud of the results” of French companies.
While inflation picked up again in July, reaching 6.1%, Bruno Le Maire wanted to calm down. “Inflation remains our number one problem. But we predict a decline“In 2023,” he said this Friday at the end of the Council of Ministers. However, the Minister of Economy and Finance admitted that “we are at an inflationary peak, butinflation will remain high until the end of 2022.“.
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Bruno Le Maire was also delighted with the rebound of growth in the second quarter. Indeed, after a decline of 0.2% in the first quarter, France returned to growth from April to June, posting a more dynamic than expected rebound in its GDP, which rose by 0.5%, according to data published by INSEE. “The growth figures for the second quarter are a victory for the French economy in difficult timesBercy’s boss greeted. “This means that in 2022 we will achieve the growth of 2.5% announced by the government. This result, this economic victory shows that we must not succumb to the pessimism around us– assessed, in the context marked by the war in Ukraine, the difficulties on the energy market and the risk of recession in the United States.
Also readFrance: + 0.5%, rebound stronger than expected in Q2, according to INSEE
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The government is counting onincrease by 1.4% by 2023, 1.6% by 2024, 2025-2026 1.7%, and by 2027 1.8%. These figures are credible, serious, and shared by the European Commission. They are confirmed by the results that we obtained in the second quarterSaid Bruno Le Maire.
The government member also defended French companies, many of which are now publishing their results. “I am proud of the results of our tricolor companies and surprised how much we are overwhelmed by all the ills of French companies that perform well today.– he reacted. A minister who remains against the introduction of a tax onsuperskiby some companies, especially in the energy sector, have called on private actors to do more to defend the purchasing power of households. If Engie and TotalEnergies have already announced the initiatives, other sectors could take control, argued Bruno Le Maire, citing “banking sector. Regarding bank charges, I think the sector can certainly do more about this– he assessed.
SEE ALSO – Bruno Le Maire: “Inflation will remain high until the end of 2022”
