Drone footage filmed, Sunday, April 5, showed the empty streets of Paris as France remains in lockdown to prevent the spread of the coronavirus.

READ MORE: France will likely see its deepest economic downturn this year since the end of World War Two, far surpassing the slump seen after the global financial crisis, its finance minister said on Monday.

Bruno Le Maire told a Senate hearing by teleconference that eurozone's second-biggest economy would likely contract more than it did in 2009.

"That shows the magnitude of the economic shock we are facing," he said.

The government estimated last month in an emergency budget update that the economy would contract 1% this year, but has since indicated that it would have to revise that figure.

With the French economy currently running at two-thirds of normal levels, each month of government-imposed confinement could knock 3 percentage points off of growth, the INSEE official stats agency estimated last month.

LINK: https://www.voanews.com/economy-business/minister-france-may-see-deepest...

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Associated Press 11 May 2020 11:44 CEST

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