Covid-19 drags French economy into deep recession the likes of which it has not seen since 1945 ...United Arab Emirates

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The Bank of France said on Wednesday that the country’s economy shrank around six percent in the first quarter of this year, its worst performance since the end of WWII. According to official figures, the economy dropped 0.1 percent in the last three months of 2019 as the coronavirus pandemic decimated business activity. With two consecutive quarters of negative growth, the country is now technically in recession. Economic activity plunged 32 percent in the last two weeks of March as the crisis deepened, said the French regulator. It has listed construction, transport, restaurants and lodging among the worst affected sectors of the eco

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Covid-19 drags French economy into deep recession the likes of which it has not seen since 1945 ...United Arab Emirates

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