French FinMin Le Maire: No deal Brexit would probably hurt economy by 0.1 percentage points in 2021

Commenting on no-deal Brexit implications, the French Finance Minister Bruno Le Maire said that a no-deal outcome would probably hurt the economy by 0.1 percentage points next year.

Additional comments

British will be the biggest losers from Brexit.

Brexit represents political and economic madness.

In France, we will have some sectors that would be hurt by a no-deal Brexit.

Britain would be hurt more by a no-deal Brexit than France.

Le Maire’s comments come after the EU’s Chief Brexit Negotiator said that two conditions remain unresolved.

Related reads

• Breaking: GBP/USD surges towards 1.3400 after Barnier says two conditions remain unresolved
• ECB’s Villeroy: Any positive economic effect from coronavirus vaccines will not be felt until end-2021