The French economy will shrink 11% this year in a 'brutal' recession after the country imposed one of Europe's harshest pandemic lockdowns
The French economy will shrink 11% this year in a 'brutal' recession after the country imposed one of Europe's harshest pandemic lockdownsThe French government has cut its annual GDP forecast to -11% from -8% this year, in anticipation of a deeper recession than expected triggered by the coronavirus pandemic.translated from French."I am convinced that we will rebound in 2021 thanks to our massive support plans and our recovery plan.
Le Maire said on Tuesday that the government would avoid taxing households to cover growing debt from the coronavirus pandemic.After imposing one of Europe's most harsh lockdowns, France expects its economy to shrink by 11% this year, Finance Minister Bruno Le Maire said on Tuesday.this year, before an expected gradual recovery, starting at the end of 2020 and continuing into 2021. The picture, however, has worsened, Le Maire said.translated from French.
The latest lifting of restrictions saw cafés and restaurants allowed to open in so-called green zones only on Tuesday.that the government would push ahead with lower taxes for households, suggesting that there would be no tax hikes on citizens to pay for an expansive coronavirus bill. to defend the bloc from the worst of the coronavirus' hit to the continent's economy.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
French Finance Minister: Renault loan not signed yet, but should be soonFrench Finance Minister Bruno Le Maire said on Tuesday the government had not yet signed off on a planned 5 billion euro ($5.6 billion) loan for carmaker Renault , though he hoped the loan would be agreed soon.
Weiterlesen »
'An old neighborhood again': What New Orleans' French Quarter has been like without touristsThe absence of tourists has led French Quarter inhabitants to reflect on the neighborhood’s balance between the interests of businesses and residents.
Weiterlesen »
French COVID-19 cases show further declineFrance's coronavirus cases are continuing to decline, health officials said on Sunday, with 14,322 patients currently in hospital, down from 14,380 a day earlier.
Weiterlesen »
French Quarter sans tourists: 'An old neighborhood again'Some residents of New Orleans' French Quarter see at least one benefit to the business shutdowns forced by the spread of the coronavirus: no more overwhelming crowds of tourists.
Weiterlesen »
French Quarter sans tourists: 'An old neighborhood again'In New Orleans' French Quarter, residents are sad about the closures of restaurants and bars — and the resulting economic pain. But they're also enjoying a respite from lines of backed-up traffic clogging narrow streets and the noise of all-night partyers.
Weiterlesen »
Pandemic set to shrink Australian economy in first quarter, worse yet to comeAustralia's economy is expected to have shrunk in the first quarter as the global coronavirus pandemic is set to tip the country into its first recession in three decades.
Weiterlesen »