About This Source - FRANCE 24 English
The video item below is a piece of English language content from France 24. France 24 is a French state-owned international news television network based in Paris.
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FRANCE 24 English published this video item, entitled “France’s economic recovery slows despite rise in consumer spending” – below is their description.
France’s economy is recovering from lockdown slower than previously expected, according to new figures. The national statistics office Insee now forecasts GDP to rise by 17 percent between July and September, after a slump of 13.8% between April and June. The jobless rate is set to rise too, reaching 9.5 percent by the end of 2020. This gloomy picture is despite signs that consumer spending rose significantly in August, at the peak of France’s summer holiday period. 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_enFRANCE 24 English YouTube Channel
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In This Story: France
France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.
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In This Story: Lockdown
During the 2020 Covid-19 epidemic, lockdown has come to mean the practice of attempting to control transmission of the virus by means of restricting people’s movement and activities on a broad scale, usually on a national or state-wide basis.