French Finance Minister Bruno Le Maire cautioned Tuesday the nation faced recession this season since he declared that a 45-billion euro ($50-billion) aid package to assist companies and workers deal with all the coronavirus crisis.
The authorities, because of present a string of further support steps soon, will base them” to a growth forecast of just one percent, which is to say negative expansion,” Le Maire told RTL radio.
The prediction was”provisional,” he added.
Le Maire explained the battle against the coronavirus pandemic as an”economic and fiscal war” which will last some time.
“It’ll be lengthy, it is going to be violent… this war will demand us to mobilize our drives,” he explained.