The government now expects a contraction in gross domestic product (GDP) of 11% in 2020, against -10% forecast so far, due to the re-containment that will weigh on activity at the end of the year, Economy Minister Bruno Le Maire announced on Friday.
"
It is a revision which is moderate, precisely because we had a very strong third quarter, which reflects a simple thing: the capacity of rebound of the French economy is considerable
", explained Bruno Le Maire on France Inter.
GDP rebounded 18.2% in the third quarter, according to an estimate by INSEE.
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