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Containment has cost the French economy nearly six points of GDP

2020-05-12T06:27:17.859Z


According to an initial estimate by the Banque de France, activity was reduced by 27% in April.


The two months of containment have cost nearly six points of gross domestic product to the French economy, estimated Tuesday the Governor of the Bank of France, François Villeroy de Galhau. These two months have cost us almost 6% loss on annual growth already. The loss for the whole year will be higher than that since during the restart, the activity remains partial, "said the governor on Tuesday on France Inter.

Last month, the loss of activity was 27% in France. If the figures do not seem pleasing, the Banque de France notes however a slight recovery compared to March. The Issuing Institute had estimated that the loss of activity linked to coronavirus and containment was around 32%.

With regard to the outlook for May and the start of the end of containment, business leaders interviewed by the Banque de France expect in most sectors (except catering and accommodation ) to a partial restart of their activity.

Source: lefigaro

All business articles on 2020-05-12

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