The French central bank has estimated that the economy shrank by 6 percent in the first three months of the year – the biggest drop since 1945. If confirmed in official figures later this month, it would mean that France has slumped into recession due to the coronavirus pandemic. The Bank of France said economic activity slumped by a third in the second half of March, as lockdown measures went into effect.
Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
Visit our website:
http://www.france24.com
Subscribe to our YouTube channel:
http://f24.my/youtubeEN
Like us on Facebook:
https://www.facebook.com/FRANCE24.English
Follow us on Twitter:
https://twitter.com/France24_en