- Analytics
- News and Tools
- Market News
- French consumption has almost returned to normal levels - finance minister
French consumption has almost returned to normal levels - finance minister
Reuters reports that French Finance Minister Bruno Le Maire said on Monday that French consumption has almost returned to normal levels and that forced household savings during the coronavirus lockdown period could boost consumption later on in the year.
"Our recovery plan...is working. A few weeks ago consumption in France was at minus 30%, today we are just minus 5%, we have almost returned to normal," Le Maire said on RTL radio.
Le Maire also said that he estimates that households will have saved about 100 billion euros by year-end due to the coronavirus crisis. "What I wish for is that they will spend this 100 billion," he said.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
