French economy can beat forecast 11% drop in 2020 -Le Maire

Reuters| Paris | France

Updated: 31-07-2020 12:27 IST | Created: 31-07-2020 12:18 IST

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The French economy should perform better than the 11% contraction forecast for 2020, said French Finance Minister Bruno Le Maire. Le Maire told C News TV on Friday that measures such as state aid for companies, and a decision not to raise taxes in order to encourage consumer spending could enable a pick-up later this year.

"We will are going to fight to make sure we can do better than that 11 percent," said Le Maire.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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