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Bruno Le Maire evokes a crisis worthy of 1929

2020-03-24T17:09:40.219Z


The tricolor industry turns only to a quarter of its capacities and the most affected sectors already show decreases in turnover of the order of 80% to 90%.


Never since the start of the Bruno Le Maire crisis has appeared so bleak as this Tuesday. " The situation is comparable to 1929, " said the Minister of the Economy, for whom French growth in 2020 will be " much lower than it was assessed in the amending finance bill ". The text, adopted two days earlier, expects a contraction of 1% of GDP when economists predict a fall of 5%. " Each week of additional confinement (...) has an impact on our growth, " he added. The evolution of the pandemic in other countries of the world, and particularly in the United States, will also play a determining role on French activity and its ability to rebound.

Read also: Stock market losses: can you turn against your bank or insurer?

Bruno Le Maire's pessimism - he is convinced that the repercussions of this crisis will be identical to those of the two world conflicts of the twentieth century - is based on data which seem to come from the history books on wartime. The tricolor industry turns only

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Source: lefigaro

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