- There will very likely be a negative effect
- Protectionism is a seductive short-term policy
- But in the long-term, it is a losing strategy
- France still likely to avoid economic recession in 2025
He's speaking more in his capacity as Bank of France governor here. This comes after the Bank of France itself estimates that the French economy is on track for 0.1% to 0.2% quarterly growth in Q1 this year.
