2020-08-24 12:30:00
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.
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Earlier:
2020, August, 20, 14:40:00
ECONOMIC UNCERTAINTY IS EXTREMELY HIGH
the uncertainty related to the economic effects of the pandemic was extremely elevated
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,