Growth Forecast Cut to 0.7% for 2025

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Lombard Assures No Tax hikes in 2025 Amidst Trade Uncertainty

Published: April 9,2025 8:25 PM EDT | Updated: April 9,2025 8:33 PM EDT

Eric Lombard, the Minister of Economy and Finance, on the set of the newspaper of “20 hours” of
TF1, April 9, 2025.(Stephane de Sakutin / AFP)

In an April 9th address on TF1, Eric Lombard, the minister of Economy and Finance, addressed concerns
regarding economic growth and fiscal policy amidst global trade uncertainties. Lombard stated,
“Growth at 0.9% was the figure when we presented the budget. We decided to bring the growth
forecast to 0.7% taking into account the uncertainties.” This revision reflects growing
anxiety over the potential impact of international trade tensions, particularly those involving the
United States.

The announcement comes at a crucial time, with global markets closely monitoring the implementation of
new trade policies. The revised growth forecast is scheduled for formal presentation to the Council of
Ministers next week, marking a pivotal moment for economic planning and strategy.

the Minister acknowledged the influence of external factors, stating that future economic adjustments
hinge on, “Negotiations that will engage with America and decisions that are taken on customs
duties.” The U.S.’s trade policies, particularly those related to tariffs, have a direct and
significant impact on economic projections, necessitating a flexible and responsive approach.

Adding to the complexity,