France cuts growth forecast as nationwide lockdown starts ...Qatar

France’s economy will rebound less than previously expected this year due to the latest four-week nationwide lockdown aimed at halting a surge in coronavirus cases. French Finance Minister Bruno Le Maire cut the country’s 2021 GDP growth forecast to 5% from 6%, following an 8.1% contraction last year. A Bloomberg survey in March showed economists were expecting the economy to expand 5.7%. “Closing education establishments and 150,000 stores is essential to slow the spread of the virus, but these measures will have an impact on the French economy,” Le Maire told Le Journal du Dimanche newspaper in an interview published yesterday. “This estimate is both sincere and cautious.” President Emman

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Last updated : 04 April 2021 clock 09:31 PM

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France cuts growth forecast as nationwide lockdown starts ...Qatar

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