French economy in record slump

July 31, 2020 By La rédaction de Mediapart

Second quarter figures released by France's statistics agency Insee on Friday show a 13.8 percent contraction in the country's economy, less than forecast but the biggest slump since such data became available 70 years ago, and reflects the effects of the lockdown measures to contain the Covid-19 virus which saw a severe decline in manufacturing, construction and consumer spending.

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The French economy experienced its sharpest contraction on record in the second quarter when strict coronavirus lockdowns choked off manufacturing, tourism and consumer spending across Europe, reports The Nation Thailand.

French economy in record slump

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