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France adds a pinch of prudence to its fiscal support

The UK government has not been alone in announcing new fiscal measures in recent days. The French government’s plan to stabilise the budget deficit at 5% of GDP next year looks optimistic, given its overly rosy growth forecasts and continued support for households and firms. However, in contrast to their UK counterparts, French policymakers also emphasised the importance of medium-term fiscal prudence.

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