France Lowers 2021 Growth Forecast

France, which has made a new national shutdown within the scope of coronavirus measures, has lowered its 2021 growth expectation to 5 percent. The country contracted 8.1 percent in 2020
Taking into account the economic impact of the measures in France, which decided to shut down at the national level again in the third wave of the epidemic, the 2021 growth expectation was reduced to 5 percent.

French Finance Minister Bruno Le Maire lowered the country’s growth expectation for this year from 6 percent to 5 percent. Due to the effects of the coronavirus epidemic, the country contracted 8.1 percent in 2020.

Speaking to Le Journal du Dimanche newspaper, Le Maire stated that the decision to close educational institutions and 150 thousand stores is critical to slow the spread of the virus, but these measures will have an impact on the French economy.

According to expectations, the country was expected to grow 5.7 percent in 2021.

National closure decision was taken

French President Emmanuel Macron has announced that the restrictions in 19 regions of the country will be applied throughout the country for four weeks.

In France, within the framework of the restrictions to be applied across the country, kindergartens and schools will be closed for three weeks, high schools and high schools for four weeks.

In addition, as of 19:00, curfew restrictions will be applied across the country. Within the framework of increased measures, movement restrictions have also been imposed, so no one will be able to go further than 10 kilometers from their home, including during the day, for reasons such as walking or doing sports.

In addition, all shops and stores will be closed, except places that sell food and essential items.