France facing worst economic downturn since WWII – Ministry of Finance ...United Arab Emirates

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France facing worst economic downturn since WWII – Ministry of Finance
France is likely to see its worst post-war economic slowdown this year due to the coronavirus pandemic, much worse than it faced in 2009 after the global financial crisis, said the country’s Finance Minister Bruno Le Maire. “We will probably be at more than the -2.2 percent [seen] in 2009. That shows the magnitude of the economic shock we are facing,” he told the Senate in a hearing by teleconference on Monday. France is the world’s fifth-worst-hit nation by Covid-19, with the number of deaths from the pandemic having exceeded 8,000, while there are more than 93,000 people infected. The French government estimated last month in an eme

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