France May Experience The Worst Recession After World War II
In response to a question from the Senate Economic Committee, the French Minister of Finance and Economy Lemer said on the 6th that due to the impact of the new coronary pneumonia epidemic, the French economy may suffer the worst recession since the end of World War II in 2020. He said that due to the 2008 financial crisis, France ’s economic growth in 2009 was negative 2.2%, and economic growth in 2020 is likely to be worse than this number. According to a report by the French Institute for Economic Statistics at the end of March, 35% of France ’s economic activity is currently at a standstill, and the losses caused by the epidemic have reached 70 billion euros per month. To save the economy, the French government previously announced an emergency economic plan totaling 45 billion euros, and the government will also provide guarantees for 3 trillion euros in corporate bank loans.