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New French lockdown to reduce economic activity by about 15% - Finance Ministry source

Reuters
Paris during the second national lockdown due to the spread of COVID-19 infection

PARIS (Reuters) - The new four-week lockdown to curb the spread of COVID-19 in France is expected to reduce economic activity by about 15%, a Finance Ministry source said on Tuesday.

"We expect a much more moderate impact than that (the lockdown) of April, notably in France," the source said.

While the April lockdown cut business activity by some 30%, the impact this time would "more around 15%", the source added

(Reporting by Leigh Thomas, Dominique Vidalon; Editing by Alison Williams)