The government revises the growth forecast for 2022 upwards – Le Figaro

This year, growth would reach 2.7% instead of 2.5%, Bruno Le Maire announced on Wednesday morning. After a record year in 2021, activity in 2022 should hold up relatively well, despite international storms. Invited on Cnews, this Wednesday morning, the Minister of Economy and Finance announced to revise the growth forecast for this year upwards, from 2.5% to 2.7%. “France is having a good year in 2022 […]. I tell all the Cassandres […], as consumption is holding up, business investment is holding up, job creations are still very dynamic, we are going to revise the growth forecast”, declared Bruno Le Maire. Welcoming the “good performance of the economy France”, the Minister admitted that France remained affected by the difficulties, adding however that the country “was not entering a recession”. A few days earlier, INSEE statisticians estimated that growth would reach 2.6% this year, specifying that “the growth ‘acquis’ for 2023 would be modest”. A point of view shared by Bercy, which has also just revised downwards its growth forecasts for next year, to 1%, against 1.4% expected so far. The Banque de France also expects a significant slowdown in activity next year. Prices should continue to soar next year: Bercy has also revised its inflation forecast upwards, increased from 3.2% to 4.2%. This winter, inflation, driven by energy prices, will remain “very high”, conceded Bruno Le Maire. Then, “sometime in 2023,” it should start to slow down, he added. Despite the maintenance of the tariff shield, energy prices should however increase from the beginning of next year, in order to pass part of the burden on households and businesses, and not on the State. Elisabeth Borne will specify on Wednesday afternoon the contours of the expected increases. Pension reform, a “burning necessity” The boss of Bercy also spoke out, for the umpteenth time, in favor of pension reform. While the Pensions Orientation Council (Cor) will present its latest forecasts this week, Bruno Le Maire assured that “there is no alternative” to the idea of ​​​​working more, collectively. “I will continue to champion the burning need for pension reform […] announced for the summer of 2023”, hammered the member of the government. could be tabled on the sidelines of the social security budget (PLFSS), studied this fall in Parliament.