France GDP

Issued on 6 May 20

French Minister of Health said on the 2nd May the French government plans to extend the health emergency that expires on May 23 for two months to July 24, 2020

2020 GDP impact:

Q1 drop 5.8% it is the worst quarterly economic performance since statistics in 1949.

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Q2 The city lockdown since 17 Mar 20, so predict 2nd quarter performance worst than Q1. If above realize, then France's economy may be going into recession and the prospects were grim.

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