French economy suffers biggest quarterly fall in GDP since 1949





Paris - The French economy has suffered a record fall of 5.8 per cent in gross domestic product (GDP) in the first quarter of 2020 due to the coronavirus crisis.



National statistics agency INSEE, which publishes the figures, said it was the worst quarterly fall in GDP since such figures were first collected in 1949.
"The negative development of GDP in the first quarter of 2020 is primarily linked to the halt of 'non-essential' activities in the context of the lockdown implemented from mid-March," INSEE said.

 


Thursday, April 30th 2020
(dpa)
           


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