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Coronavirus: a fall of 8% of the GDP is equivalent to 3,000 euros per French

2020-05-03T17:44:44.230Z


DECRYPTION - The state will absorb most of the loss of national income, but businesses and households will also be affected.


To make the French understand the brutality and the extent of the economic crisis that awaits them in the coming months, the executive has chosen historical comparison. Édouard Philippe mentioned, on April 19, "the strongest recession known in France since 1945" . “Growth in 2020 will be negative at -8%. National wealth will shrink, and this will have a considerable impact, " warned the head of government. His Minister of Economy, Bruno Le Maire, for his part willingly draws parallels with the crisis of 1929, similar to the current shock "by its violence, its globality and its duration".

Read also: Coronavirus will cut growth "by several tenths of a point" in 2020

Evocative of vast misfortunes, these references are frightening without revealing much of the looming reality. Business leaders, who are witnessing the plunge in their activity, already perceive the magnitude of the earthquake, but for the majority of French people, whose incomes are preserved by their employer or the State, the idea of an economic crisis

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Source: lefigaro

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