INTERVIEW – Giving priority to vaccination, maintaining support plans for as long as necessary at the risk of increasing debt, broadening the tax base: such is the advice of “Mr. Europe ”from the IMF.
The German Alfred Kammer joined the International Monetary Fund (IMF) almost thirty years ago. He currently heads the department responsible for Europe, which forecasts growth of 4.4% for the euro area in 2021, 0.8 points less than in October, due to the third epidemic wave.
Le Figaro. – The IMF is worried about a “Great divergence” in the global recovery. Is this also valid for Europe?
Alfred KAMMER. There are differences between countries, between regions, which reflect the varying impact of the health crisis and containment measures on activity. There is also a divergence between the rebounding industry and sectors like tourism which will not restart until the pandemic is under control. There are also differences within society: the pandemic affects more young people and women and the low-skilled. People affected by the crisis when they enter the world of work will suffer losses
This article is for subscribers only. You have 82% left to discover.
Subscribe: 1 € the first month
Cancellable at any time
Already subscribed? Log in