'Yellow vest' protests to cut Q4 growth: Bank of France
The Bank of France on Monday slashed its fourth quarter growth forecast in half, to 0.2 per cent from 0.4 per cent, citing the impact of the "yellow vest" protests which have rocked the country.
"Services activity has slowed under the impact of the movement. Transport, the restaurant and auto repair sectors have gone backwards," the French central bank said in its latest company survey.
Finance Minister Bruno Le Maire had warned Sunday that the protests sweeping France were a "catastrophe."
Disclaimer: No Business Standard Journalist was involved in creation of this content