ZCZC
BCN-07
FRANCE-ECONOMY-RECESSION
France GDP could fall ‘around 20%’ in second quarter: statistics agency
PARIS, May 27, 2020 (BSS/AFP) – France’s economy could contract by around 20 percent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency INSEE said Wednesday.
It also said activity was resuming “prudently” after lockdown measures were eased in France earlier this month and that while consumer spending was rebounding consumer confidence slid a bit further.
BSS/AFP/MMA/1155HRS