François Lenglet: "We must already think about the next world"

If the urgency is to confront the health tragedy, it will be necessary, tomorrow, to face the economic and social consequences of this one. The saver and the wealthy taxpayer will not be celebrating, predicts François Lenglet, and this in all Western countries. Within the eurozone, the justified choice of the European Central Bank to depart from its principles and support activity at all costs will weaken confidence in the single currency and encourage high inflation. Big weather in sight.

LE FIGARO. - The health crisis we are going through is coupled with an unprecedented economic crisis. What can be the consequences of this?

François LENGLET. - Everything will of course depend on the duration of the health crisis, which is the primary factor. If we extrapolate from what happened in China, we have a double-digit recession for two months, that is to say March and April, of the order of - 15%. Which would lead to a recession of around - 3% in 2020 in Europe.

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