Global Macro Service > Research Briefings > France

French recovery plan won’t boost short-term growth

The French government finally unveiled the details of its €100bn recovery plan, 40% of which stems from the EU’s recovery fund. At around 4.0% of GDP over 2021-2024, the package is large but relies strongly on investment plans that are typically longer to translate into higher growth than more direct demand-oriented measures. Given the nature and magnitude of the current shock, this raises concerns about the plan’s capacity to spur activity in the short term.

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