

Besides Belgium, France has been hit particularly hard by the second wave of the corona pandemic. As a result, the government has imposed a strict curfew for the second time. All “non-essential” shops are closed until 1 December, with a high likelihood of extension. This concerns companies especially in the pre-Christmas period, which in some industries defines the annual revenu. Updates to the 2020 forecasts have shown that the second lockdown is expected to reduce France’s GDP by 11 instead of 10 percentage points. By way of comparison, the forecast for GDP decline in Germany is 5.5 percentage points for the entire year of 2020.
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