Covid-19: Has France reacted better to the pandemic than Germany?


ANALYSIS – The French recovery has been faster in recent months, as German industry suffers from shortages. Our advantage, however, is likely to be short-lived.

Cocorico, France will record this year the fastest growth in the entire euro zone or almost. The sacrosanct GDP (gross domestic product) will have jumped 6.8% according to OECD estimates released last week. Only Estonia and especially Ireland will do better. As a tax haven for American Big Pharma and Gafa, the latter will post an expansion of 15.2% in 2021, an extravagant rate that owes everything to the tax optimization of multinational companies.

More significant than the extraordinary Irish accounting fiction, OECD forecasts show that in 2021, French GDP will have grown twice as fast as its German counterpart (barely 2.9%). And while our economy has now practically returned to its “pre-Covid” level (to within 0.1%), across the Rhine, activity is still 1.1% lower than it was at fourth quarter 2019, before the health crisis.

Certainly “We do not fall in love with a GDP rate” as say

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