•  Already in the first half of April, the International Monetary Fund estimated that global GDP would fall by 3 per cent in 2020, compared with an increase of the same amount forecast in January. At the start of this month, the World Bank estimated a decline of 5.2 per cent.
I don’t believe that this is an issue that concerns Europe. Indeed, France has been above 3% for many years now, so it clearly shows that the problem doesn’t lie so much with Europe, and it shows that there hasn’t really been austerity in France. France today, in 2017, is on the threshold of being able to pass below 3%.