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French FinMin Le Maire reaffirms 5% economic growth target for 2021

The economy is expected to expand 5% in 2021, French Finance Minister Bruno Le Maire said in an interview with France Info radio on Monday.

Additional quotes

“Expects to get back to pre-covid economic activity levels by H1 2022.”

“No plans for a second economic recovery programme on top of the current one.”

Separately, French Health Minister Olivier Véran confirmed that outdoor bar and dining will recommence on May 19.

Market reaction

EUR/USD trades modestly flat just above 1.2150, as the US dollar remains vulnerable amid weaker jobs report. The rebound in Treasury yields limits the upside in the spot.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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