Le Maire: "French economy likely to shrink over 8% in 2020"

Le Maire: "French economy likely to shrink over 8% in 2020"
  • Clock-gray 13:47
  • calendar-gray 28 May 2020

French Finance Minister Bruno Le Maire said on Thursday the country's economy will likely shrink more than 8% this year due to the coronavirus crisis, APA reports citing Teletrader.

Commenting on the European Union's recovery fund, Le Maire expressed hopes an agreement within the bloc will be reached in the upcoming weeks.

The European Commission previously proposed a €750 billion fund for the European Union's economy to boost the recovery from the coronavirus crisis, with €500 billion in grants and €250 billion in loans.

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