France sees recession, announces 45 billion euros in coronavirus business aid

PARIS: French Finance Minister Bruno Le Maire warned Tuesday the country faced recession this year as he announced a 45-billion euro ($50-billion) aid package to help businesses and employees cope with the coronavirus crisis.

The government, due to present a series of further support measures shortly, will base them “on a growth forecast of minus one percent, that is to say negative growth,” Le Maire told RTL radio.