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  • The French government expects GDP to drop six percent this year because of lost business during the coronavirus lockdown, Finance Minister Bruno Le Maire said Thursday while announcing a relief plan would be more than doubled to 100 billion euros ($109 billion). The spending will sharply increase the national budget deficit to 7.6 percent of GDP for 2020 -- well beyond the eurozone's limit of three percent -- and push up public debt to 112 percent of GDP from the 99 percent forecast earlier this year, Le Maire told financial daily Les Echos in an interview. mhc/pn/map/js/mlr/rl
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  • France sees GDP plunging six percent this year due to coronavirus: minister
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