The French government has reduced its growth forecast by 2025 due to uncertainty about world trade, said Economy Minister on Wednesday, April 9, only a few hours after the president of the United States, Donald Trump, stopped a mass increase in tariffs. The Government had predicted annual or 0.9% growth when presenting its 2025 budget, but Economy Minister Eric Lombard told Tod Top Tof1 that it would cut 0.7%.
The Bank of France had already reviewed its growth forecast by 2025 to 0.7% in March, and the French Economic Observatory (OFCE) reduced its 0.5% prognosis on Wednesday.
When asked about a possible downward review, the minister said that “it would be included in the negotiations that will begin with the United States and the decisions that are tasks in customs duits.
Lombard ruled out raising taxes in 2025. Just before his interview, Trump announced that it was suspension levies in all countries waiting for China for three months, after the US bonds and shares markets. UU. They had fallen for several days.
“They are good news, but we must keep calm,” Lombard told LCI Television, saying he hoped to find “a new agreement” with the Americans.
The governor of the Bank of France, Francois Villeroy de Galhau, welcomed the United States movement that called “a return to economic realism and a bit of reality.” But he warned that American politics remained “unpredictable” and that it would be a “negative impact” in Europe. Italy, which exports much more to the United States than to France, earlier on the day its growth forecast for 2025 to 0.6%.
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