Despite the recession, France is not powerless in the face of the crisis , says The Mayor - The Point

Despite the economic slump linked to the epidemic of Covid-19, and confirmed by figures from the Insee, Friday, July 31, in the morning, Bruno, The Mayor is opt

Despite the recession, France is not  powerless in the face of the crisis , says The Mayor - The Point

Despite the economic slump linked to the epidemic of Covid-19, and confirmed by figures from the Insee, Friday, July 31, in the morning, Bruno, The Mayor is optimistic. "We are not powerless in the face of crisis," assured Friday the minister of the Economy, after the publication of a dip in GDP of 13.8% in the second quarter. "We will fight to do better than - 11 %" planned for the whole year by the government, the minister added.

The minister also announced, on CNews, that the government will put in place the beginning of August a new loan guaranteed by the State (PGE) ", which could go up to 80 % of the turnover of the hotel or restaurant who will ask ". The tourism sector, "hit by the crisis," health-related coronavirus, was held by the minister, will therefore benefit from additional assistance to deal with cash flow problems, thanks to this loan at the interest rate of 0.25 %.

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Updated Date: 31 July 2020, 04:33

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