French Finance Minister: Expects The Economy to Grow 8% in 2021

French Finance Minister Bruno Le Maire said on Thursday that his country expects the economy to grow 8 percent in 2021.

Le Maire told the National Assembly that the government wanted the economic activity to return to pre-crisis levels, starting in 2022.

He also said that the latest data was “satisfying but too fragile” in order to change expectations of the economy shrinking by 11% this year.

This comes after France’s INSEE official statistics agency reported that the Industrial Confidence rose to 82 points in July vs. revised 78 in June.