Prognosis

French Government Announces Monthlong Lockdown in Paris Area

New measures to take 0.2 percentage points off annual GDP
Schools and essential shops to stay open, Castex announced

The Paris region will be on lockdown for a month. Caroline Connan reports.Markets: European Close." (Source: Bloomberg)

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By Ania Nussbaum and William Horobin

March 18, 2021 at 2:16 PM EDT

Updated on

March 18, 2021 at 3:44 PM EDT

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French President Emmanuel Macron is locking down several regions including the Paris area, slowing down the country’s economic recovery as it struggles to contain a third wave of the coronavirus epidemic.

Only essential businesses and schools will stay open, Prime Minister Jean Castex announced on Thursday. The measures will start from midnight on Friday and will remain in place for four weeks.

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