France says virus economic impact will be much bigger than the 0.1% forecast initially

  
  Analysis
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Comments by French finance minister, Bruno Le Maire

  • It is too early to provide a new growth forecast
  • There will be concerted action by the government to support the economy
  • Says G7 finance ministers will speak this week to coordinate efforts
The headline may not sound too pleasant but the initial 0.1% forecast was a bit unrealistic anyway. In any case, more talk of coordinated action by governments across the globe to bolster the economy is definitely a welcome signal for risk to start the week.
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