New French lockdown to reduce economic activity by about 15% - Finance Ministry source

FILE PHOTO: 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

PARIS (Reuters) - 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

Reporting by Leigh Thomas, Dominique Vidalon; Editing by Alison Williams