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'Yellow vest' protesters knock wind out of French business, economy

The effect may extend through the holiday season

Reuters  |  Paris 

Three weeks of "yellow vest" protests have hit the French economy hard, with trade in shops, hotels and restaurants falling significantly, Finance Minister Bruno Le Maire said on Monday. Speaking after a meeting with industry groups and business federations affected by the protest movement, Le Maire said sector revenues had been hit by between 15 and 50 percent. While not providing a precise breakdown, Le Maire said small retailers had seen a fall in revenue of between 20 and 40 percent, and the hotel industry was seeing reservations down 15 to 25 ...

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First Published: Tue, December 04 2018. 00:24 IST