icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

More than half of French industry restarts after Covid-19 shutdown – Finance Ministry

More than half of French industry restarts after Covid-19 shutdown – Finance Ministry
A large part of France’s economy “is functioning,” according to Finance Minister Bruno Le Maire, who said that close to 60 percent of the country’s industry has restarted after being shut down due to the coronavirus pandemic.

Speaking on RTL radio on Wednesday, Le Maire said that the cost of the government’s economic relief package had risen by €10 billion ($10.9 billion) from the previously announced €100 billion ($109.3 billion).

He also said that Air France-KLM will receive support in a “matter of days,” as the carrier needs backing from the government because its planes are grounded.

Also on rt.com France facing worst economic downturn since WWII – Ministry of Finance

The minister warned last week that 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.

He said GDP is expected to contract by eight percent as a result of the lockdown being extended until May 11.

France is the world’s fourth-worst-hit nation by Covid-19, with the number of deaths from the pandemic having exceeded 15,750, while there are more than 143,000 people infected.

For more stories on economy & finance visit RT's business section

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.