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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

New French Lockdown to Reduce Economic Activity by About 15%

French policemen control drivers place de la Concorde in Paris on the first day of the second national lockdown as part of the COVID-19 measures to fight a second wave of the coronavirus disease (COVID-19) in France, October 30, 2020. REUTERS/Charles Platiau

The new four-week lockdown to curb the spread of COVID-19 in France is expected to reduce economic activity by about 15%, a Finance Ministry source said on Tuesday.

"We expect a much more moderate impact than that (the lockdown) of April, notably in France," the source said.

While the April lockdown cut business activity by some 30%, the impact this time would "more around 15%," the source added.

Health authorities reported 52,518 new COVID-19 cases on Monday.

In Paris, one person was becoming infected with COVID-19 every 30 seconds, while a Parisian is admitted to hospital with the disease every 15 minutes, Health Minister Olivier Veran told RTL radio.

France imposed a nightly curfew on two-thirds of its 67 million people in the second half of October but this was lifted when President Emmanuel Macron ordered a second lockdown, albeit less rigid than the first, which took effect on Oct. 30.

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