Covid-19 pandemic pushed French economy into worst recession since World War II – report ...News

Coronavirus-related economic and social restrictions led to a “historic” drop of 8.2 percent in French GDP in 2020, data by the National Institute of Statistics and Economic Studies (INSEE) shows. Previously, the institute assumed that the decline would be 8.3 percent. It said in a report, issued on Friday, that “On average in 2020, the economic activity unprecedentedly fell, by −8.2 percent after +1.5 percent in 2019.”  According to the report, in the fourth quarter of last year, the country's gross domestic product (GDP) shrank by 1.4 percent, while preliminary data indicated a decline of 1.3 percent.  Als

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