The French economy is heading into a sharp slowdown this winter from which it will recover only gradually, according to Bank of France forecasts that cast further doubt over the economic optimism of President Emmanuel Macron’s government.
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The French government said it will ease access to crisis funds and could delay loan repayments for businesses struggling with a drop in activity as the surge in omicron cases hits tourism and leisure activities.
ECB’s Villeroy Sees Path to Smooth Exit From Crisis Measuresbloomberg.com