French economic activity plunges in April, but shows improvement on March

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New figures from the French central bank show the slump in economic activity in April was less dramatic than in March. Overall, activity fell by 27 percent last month, compared to a 32 percent drop the month before. Bank of France governor François Villeroy de Galhau warned that the lockdown would knock six points off France’s GDP in 2020, and that further economic damage was likely. Also today, low-cost airline Ryanair has announced plans to restore 40 percent of its flights by July.

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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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