PARIS -- The French economy, the second-largest in Europe, is expected to contract by 11 percent this year due to the impact of the coronavirus pandemic as the nearly two-month lockdown had paralyzed businesses and hit demand, Economy and Finance Minister Bruno Le Maire said on Tuesday.
The minister had previously estimated the French economy to shrink by 8 percent for 2020.
"Growth in France in 2020, let's say rather the recession -- the term is more appropriate, will be at minus 11 percent," Le Maire told French commercial radio network RTL.
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WASHINGTON -- The extraordinarily high unemployment rate in the United States is in large part due to the poor management of the COVID-19 pandemic by the federal government, a senior U.S. economist said on Monday.
"It was late to acknowledge the threat posed by the virus, and then ultimately ceded the bulk of the crisis management to state governments, which led to a patchwork response that was slow to get going," Mark Zandi, chief economist of Moody's Analytics, said in an analysis.
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WASHINGTON -- U.S. President Donald Trump on Monday threatened the deployment of the military to quell the nationwide protests over the death of George Floyd, the black man who died in police custody last week in Minneapolis.
"If a city or state refuses to take the actions necessary to defend the life and property of their residents, then I will deploy the United States military and quickly solve the problem for them," Trump said at the White House Rose Garden. It was his first speech since Floyd's death on May 25.
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OTTAWA -- Canadian Prime Minister Justin Trudeau announced Monday that his government will offer cities an advanced transfer of 2.2 billion Canadian dollars (about 1.6 billion U.S. dollars) in infrastructure money to help cover COVID-19-caused budget shortfalls.
"This is strong support to keep Canadians safe and our communities strong. And it's support that will give businesses the confidence to reopen, getting hardworking Canadians back on the job," Trudeau said here at Monday's press conference on the COVID-19 pandemic, noting that the funding is a start and more will come.
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TRIPOLI -- An official from the United Nations Children's Fund (UNICEF) on Monday expressed sadness over an indiscriminate shelling that killed and injured a number of civilians in the Libyan capital Tripoli.
"We are deeply saddened by the tragic loss of lives in Tripoli following reports that five civilians were killed and 12 wounded including Tarik Mostafa, a 16-year-old who lost his limb," said Abdel-Rahman Ghandour, special representative of the UNICEF to Libya, in a statement.