The government expects the economic crisis linked to the coronavirus will lead to the loss of "800,000 jobs", said Wednesday the Minister of Economy Bruno Le Maire, referring to "a considerable shock". "Our assessment is that in the coming months we will have the loss of 800,000 jobs, that is to say 2.8% of total employment," he said during a hearing before the Finance Committee of the National Assembly.
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11% recession in 2020
Bruno Le Maire detailed before the deputies, with his counterpart of Public Accounts Gérald Darmanin, the third amending finance bill presented earlier in the Council of Ministers, which notably provides for an 11% recession this year. "This shock is considerable, it must call for massive public policies to support and accompany all those who are affected," he added.
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Among these measures, he notably cited the partial unemployment scheme, the planned support for apprenticeships and possible cuts in contributions for companies. On Tuesday, the Banque de France for its part estimated that the unemployment rate should exceed 10% at the end of 2020 and climb to a peak above 11.5% in mid-2021, a level "above previous ones historical ". And it will, according to her, wait until 2022 to see it descend to 9.7%, against 8.1% before the epidemic.