Paris-Sana
French Economy Minister Bruno Le Maire announced today that the new restrictions imposed to limit the spread of the Corona virus have prompted the French government to reduce its economic growth estimate to five percent, or one percentage point.
Le Maire told the weekly newspaper Le Journal du Dimanche that “closing schools and 150,000 shops is a must to limit the spread of Corona, but these measures will have an impact on the French economy,” adding, “For this reason, we will reduce our growth estimates from 6 percent to 5 percent in 2021.”
Le Maire pointed out that the total cost of the aid is estimated at 11 billion euros in April, noting that the end of public aid will be gradual and in some sectors that will remain permanently affected, such as aviation, they will be maintained.
France’s gross domestic product (GDP) recorded a contraction of 8.2 percent over the past year.
