France falls into recession as Covid-19 lockdown hits economy - business live

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Rolling coverage of the latest economic and financial news, as the French economy suffers its biggest plunge since the second world war

A 5.8% plunge in GDP is really, really bad.

As Frederik Ducrozet of Pictet Wealth Management shows here, it wipes out several years of French growth:

We're going to be talking about GDP *levels* more than quarterly growth rates for some time. Better get used to it. pic.twitter.com/MSWHv2VQUm

Here’s more reaction to France’s plunge into recession this morning.

France enters technical recession.

don't need Q2 to confirm ...

global economy was in dire shape b4 #CV19 pic.twitter.com/pWuSMALwmF

France's economy posted a historic decline of 5.8% and entered a recession. Expect Italy to follow.

Continue reading...

from The Guardian https://ift.tt/3c1YZBa

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