“The crisis is particularly violent and brutal for a number of sectors, and it will last a long time,” said Le Maire.
A week after the imposition of a new lockdown, the number of Covid-19 cases continues to accelerate in France and hospitals are increasingly called upon to deal with seriously ill patients.
But the restrictions are not as severe as they were in the spring, which has allowed more businesses to continue operating. The government expects economic activity to run at around 85% of its pre-crisis level, instead of as low as 70% during the first lockdown.
The Mayor said that a strong rebound in production and job creation over the summer shows that the French economy can resist.
“Let us remain confident: our economy and our fundamentals are solid,” said Le Maire.
© 2020 Bloomberg LP