France actively plans economic recovery

Original title: France is actively planning the economic recovery

On May 11, France officially began the “unlocking” process. For some time, the French economic department has been actively planning a new economic resumption plan after the prevention and control of the new pneumonia epidemic. However, given the uncertainties of the development of the epidemic and the general recession of the economic sector, the pressure on the government has increased and it is facing the consolidation of the organized results. The difficult balance and the choice between restarting the economic recovery as soon as possible.

Facing difficult decisions

French Economy and Finance Minister Lemer recently noted that a new economic recovery plan is expected to be introduced in September or October, but the restoration of economic activity is currently allTo workThe main priority is that this is very important for the French nation.

Lemer also asked the French to return to work after the restrictions were “unlocked” in a recent interview.Send. He emphasized, “We must return to work, we must resume economic activity, and we must achieve recovery together.” However, Lemer’s relevant position and Prime Minister Philip’s previous introduction of the “unlocking” plan in the National AssemblyAttitudeOn the contrary, the latter’s position is obviously more conservative, hoping to promote “unlocking” in a safer way, adhering to the gradual, prudent and prudent principle, and urging that many restrictions be placed on initial “unlocking”. after May 11.

Regarding differences in “unlocking” measures within the French government, the French economic community believes that the government is currently strengthening and consolidating anti-epidemic measures and restarting the economic engine as soon as possible.ReinstatementBalance, difficult decisions highlight the severity of the prospects for economic recovery. On the one hand, the domestic epidemic in France remains grim, and mandatory anti-epidemic measures have yet to continue. The future trend of the epidemic will continue to be a key factor that directly determines the economic recovery; The long-term and profound impact, the structural contradictions in the economic field, and the multi-sector closure and recession caused by the epidemic are becoming another disaster “compared to the epidemic”. Recently published by the Economist of the French Statistical OfficeReportChina warned that the French economy will separate from the “special protection state” and that recovery will be a slow and gradual process.

The French Statistical Office noted that French economic activity has increased slightly in recent weeks and some weak.The marketexercise. But, in general, the difficult situation in the French economic sector has been “almost nilto get better“Private sector economic activity has dropped to half the normal level. The latest statistics from the French Statistical Office show that blocking restrictions are extended every month, the monthGDPThe scale will be reduced by 35%.

Laggard from neighbors

Currently, European countries are very attentive to falling into a trap after the epidemic and establishing an economic recovery plan based on their national conditions. Currently, some European countries such as Denmark, Switzerland, Austria and Germany have gradually removed the restrictions and restarted economic and commercial activities.

In this sense, some French legislators recalled in a recent audience of the National Assembly that if the French economy recovers slowly,To exportThe quota will be reduced structurally and it will be difficult to recover it in the future.international marketShare. He specifically noted: “If we don’t recover quickly, especially in the futureInvestment in technologyIn regards, we will inevitably be overtaken by other countries. “

The French Statistical Office noted a few days ago that the pace and progress of the French economic recovery has obviously lagged behind that of neighboring countries and will face the risk of “passive differentiation”. Reflections recently launched at the Merkit InstituteBusinessPerson in chargePMIIn the index, the decrease in France in April was greater than that of Germany. Although it is not yet possible to accurately assess the impact of this on the economies and production structures of the two countries, but since 2016public financeFor Germany, which has always been in a state of surplus, its future financial means and its ability to boost the economy will be significantly better than that of France, which has suffered from severe fiscal imbalances.

French economists believe that France and Germany have been in a state of competition and cooperation for many years. Faced with the impact of this epidemic, the differences and differences between France and Germany will further expand. This is one of the main concerns of the French government after planning the end of the epidemic, and it is also an important reason why the French government has always advocated for mutual aid for debt at EU level.

Ensure an orderly recovery

Currently, facing the many challenges of economic recovery after lifting the ban, the French economic sector is stepping up the formulation of a series of plans to ensure orderly recovery activities. First, the economic recovery plan will not be limited to strengtheninginvestmentThe support will also provide direct assistance to the needs of specific industries such as aviation, tourism and automobiles, market plans, etc., to strengthen the most difficult ones.BusinessThe assistance, as the French Ministry of Finance, announced that it will provide French bow and arrow glass products facing cash flow problemsThe companyProvide direct assistance of 31 million euros.

Second, Lemmel noted that the future stimulus plan will not include measures to reduce the value-added tax in the catering industry, and believes that “this is not the most appropriate aid tool.” Previously, the French group BertrandPresidentOlivier Bertrand has called for a reduction in the value added tax of the restaurant industry to 5.5%, but the French economic sector hopes to approve an investmentbackgroundHelp companies regain vitality in cash flow. At the same time, in the aviation industry, the government will also establish aid.background, And combined with Safran Group, Thales Group, Airbus Group, etc.contractorWith greatBank, Jointly supporting some 3,000 medium-sized companies involved in the aviation industry.

Finally, France hopes that the large-scale stimulus plan after the outbreak will be implemented within the broad EU coordination framework. Lemer said: “There is nothing worse than France implementing a large-scale recovery plan, but Germany has no synchronized measures.” He stressed: “The EU must respond simultaneously and jointly support the recovery plans of the member countries.”

(Source: Economic Daily)

(Editor in charge: DF527)