Crisis atmosphere in Bercy. For the second consecutive week, Bruno Le Maire brought together the employers' federations on Monday, while the spread of the epidemic is shaking entire sectors of the economy: tourism, hotels and restaurants, transport, cars, luxury, etc. The slowdown in the sectors The presentations are startling and many small businesses are threatened with going out of business. "The turnover of caterers has dropped by 60% [compared to a normal period, note], deplored the Minister of Economy, that of the hotel industry between 30 and 40%, that of catering 25 % ... "
As for the macroeconomic consequences, they are more important than anticipated at the outset. "The impact will be severe on the French economy, it will reduce GDP growth in 2020 by several tenths of a point," added Bruno Le Maire, without giving further details, except that 2020 growth could thus be less than 1%, against 1.3% expected
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