Economics
Bank of France Sees Milder Economic Hit From Second Lockdown
- Bank of France sees activity 12% below normal in November
- April activity plunged 31% below normal during first shutdown
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France’s economy will take a smaller hit from the new lockdown to contain the spread of Covid-19 than it did during the tighter restrictions on activity earlier this year, according to the country’s central bank.
Business leaders in industry and construction expect a much milder decline in activity because they face fewer limits on operations and new health protocols allow more employees to continue, a survey by the Bank of France showed.