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French economy can beat forecast 11% drop in 2020: Le Maire – Metro US

French economy can beat forecast 11% drop in 2020: Le Maire

New French PM speech at the National Assembly
New French PM speech at the National Assembly

PARIS (Reuters) – The French economy should perform better than the 11% contraction forecast for 2020, said French Finance Minister Bruno Le Maire.

Le Maire told C News TV on Friday that measures such as state aid for companies, and a decision not to raise taxes in order to encourage consumer spending could enable a pick-up later this year.

“We will are going to fight to make sure we can do better than that 11 percent,” said Le Maire.

(Reporting by Sudip Kar-Gupta; editing by John Stonestreet)