About: http://data.cimple.eu/news-article/a506b0ff90e168187cd029204875821b1e2403f087195c2b1806ca8e     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • France's government deficit will deepen and public debt rise after a lingering Covid crisis smashed hopes of a rapid economic rebound, Finance Minister Bruno Le Maire said on Sunday. The annual deficit, which has spiralled as President Emmanuel Macron's government tries to prop up the struggling economy with massive spending, is now expected to reach nine percent of gross domestic product (GDP) in 2021, he told reporters. This compares to an 8.5 percent estimate included in the government's 2021 budget plan, and a three percent deficit limit EU members must usually respect but have swept aside as they deal with Covid. The minister had already told Sunday paper JDD that economic growth was now likely to come in at 5.0 percent this year and not 6.0 percent as believed earlier. The government last week extended Covid restrictions to cover the entire country and said they would remain in place for at least a month. "These measures will affect the French economy," Le Maire said. France's debt level was now likely to hit 118 percent of GDP this year, Le Maire told the Grand Jury LCI-RTL-Le Figaro TV programme, up from an earlier 115 percent estimate and around double the EU's 60-percent debt ceiling. The minister called the new forecasts "exact and sincere". France is going through a third wave of the pandemic which has seen daily new cases surge to 40,000, around double their level a month ago. Le Maire also said he had reached an outline agreement with the European Commission allowing France to pay more aid to flagship carrier Air France which has been struggling due to Covid restrictions along with the rest of the world's airlines. In return, Air France would have to give up some slots at Orly, Paris's second-busiest airport after Charles-de-Gaulle, he said. The sums involved would be discussed with the carrier which was expected to vote on the deal at a board meeting Monday, Le Maire said. Rival airline Ryanair has lambasted French state aid for Air France, saying it distorts competition. Although the Irish airline lost its legal case against state aid for the French carrier, it has argued that any additional help should be made contingent on Air France giving up airport capacity. bt/jh/bp
schema:headline
  • France says deficits rise as Covid destroys rebound hopes
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software