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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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Oxford Economic Research Institute: The collapse of the French government is unlikely to have a major impact
On December 3rd, Jinshi data learned that Leo Barincou, a senior economist at the Oxford Economic Research Institute, said that the imminent collapse of the French government would not cast a big shadow on the already gloomy prospects. The fragile government led by Prime Minister Barrien will face a vote of no confidence on Wednesday, which could mean the government's downfall. The country's deeply divided National Assembly has been negotiating over the budget issue for months without success. The collapse of the government will intensify the panic in the currency market. However, considering the current uncertainty, this will not worsen France's fiscal problems too much. In this case, the government will continue to operate based on the budget of the previous year to avoid a shutdown until President Macron nominates a new prime minister to draft a new budget.