French Central Bank confirms 6 percent GDP fall during first quarter of 2020

French Central Bank confirms 6 percent GDP fall during first quarter of 2020
# 08 April 2020 12:06 (UTC +04:00)

The French economy lost almost 6 percent in the first three months of the year, marking the worst performance since 1945, the Bank of France announced on Wednesday, APA reports citing Sputnik.

The central bank also noted in the statement that during the last quarter of 2019 the French economy also shrank 0.1 percent, meaning that with 6 months of decline France is technically in a recession.

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THE OPERATION IS BEING PERFORMED