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François Lenglet: "When we create so much money, history shows us that it always ends badly"

2021-09-03T15:01:41.472Z


FIGAROVOX / INTERVIEW - The positive indicators of the recovery should be put into perspective: when interest rates rise, our structural spending will weigh heavily on our economy, analyzes the journalist and economist. According to him, the awakening of France promises to be brutal.


LE FIGARO.

- "The French economy is doing well".

In the media, Bruno Le Maire continues to rejoice over the economic recovery and encouraging growth figures.

Do you share his enthusiasm?

François LENGLET.

-

Yes, the recovery is important, the figures are good, especially if we reach 6% growth this year.

The government's policy to support growth has been the right one.

We will return to the level of GDP for 2019, probably at the beginning of 2022, this was not guaranteed a few months ago.

Several factors were also very favorable to us, starting with health meteorology, that is to say the weakening of the epidemic.

It must also be said that this performance is explained by the fact that the French economy had fallen lower than elsewhere.

The French recovery is stronger than that of Germany because this country had experienced a much less severe recession than ours, the elastic band game is wider in France.

He

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Source: lefigaro

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