Rolling coverage of the latest economic and financial news
- Breaking: French GDP grew 0.4% in first quarter of 2021
- France returns to growth, but eurozone may have shrunk in last quarter
- That would mean a double-dip recession
- Yesterday, US GDP grew by 1.6% (6.4% annualised)
More reaction....
#France's economy unexpectedly grew in Q1, with #GDP growth up 0.4%. pic.twitter.com/myVmcCIXhy
Some Europe q1 GDP first estimates out today. So far France with growth of 0.4%. Still -4.4% compared with pre-pandemic (q4 2019)
President Macron’s decision to delay tightening France’s lockdown until March may also have contributed to the rise in GDP.
Bloomberg says:
The French economy returned to growth in the first quarter after the government delayed implementing strict Covid-19 lockdowns that have since clouded the outlook.
Output in the euro area’s second-largest economy grew 0.4% in the three months through March, helped by President Emmanuel Macron decision to put off the tougher restrictions imposed in other European countries.
It's euro-area GDP Super Friday. France's data out first: Economy expanded 0.4% in 1Q (helped by Macron's decision to put off the tougher restrictions imposed in other European countries) https://t.co/TQ555zNzcw pic.twitter.com/QwEzYAxJ0j
Related: France to close schools and stop domestic travel after Covid surge
Continue reading...source https://www.theguardian.com/business/live/2021/apr/30/eurozone-gdp-france-germany-italy-covid-19-pandemic-recession-unemployment-inflation-business-live
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