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Macron to deliver national address on Wednesday. Curbs likely coming

New virus curbs coming?

The topic of the address is new measures on COVID-19. The question is how far he is willing to go.

A few weeks ago, Macron took a regional approach with curfews. Needless to say, it hasn’t exactly been a success.

The consensus Q4 forecast in France is +1.5% q/q. Needless to say, that’s not exactly looking safe right now.

More broadly, the less-stringent measures from France and their failure argue for taking harsher measures sooner; though I’m not sure how many politicians are ready to go down that route.

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