RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2020-08-24 12:30:00

FRANCE'S ECONOMY DOWN 11%

FRANCE'S ECONOMY DOWN 11%

REUTERS - AUGUST 24, 2020 - The French government is sticking to its forecast for an 11% contraction of the French economy this year because of uncertainty over the outlook for the global economy, finance minister Bruno Le Maire said on Monday.

Asked about a forecast from the national statistics agency for a 9% contraction this year, Le Maire said on RTL radio that "for now, we confirm the figure of a minus 11% recession".

"While there has been a strong recovery in May-June, between now and year-end there is still a lot of uncertainty, notably Brexit, the U.S. election and the new Chinese five-year plan. All that will weigh on world trade and therefore on French growth," he said.

 

-----


Earlier:

FRANCE'S ECONOMY DOWN 11%
2020, August, 20, 14:40:00
ECONOMIC UNCERTAINTY IS EXTREMELY HIGH
the uncertainty related to the economic effects of the pandemic was extremely elevated
FRANCE'S ECONOMY DOWN 11%
2020, July, 31, 10:05:00
FRANCE'S GDP DOWN
The French economy contracted by a post-war record of 13.8% in the second quarter,
All Publications »
Tags: FRANCE, ECONOMY, GDP