Stock market quotes, forex, financial news, forex tools –

Second European economy demonstrates a drop in GDP

 Breaking News
  • Boeing announced the start of massive layoffs The Boeing Company has no choice but to take drastic measures. The world’s largest manufacturer of space and aviation equipment is forced to reduce the number of staff by 13...
  • Serious drawdown of oil quotes Today, oil is actively declining. A very significant increase in the reserves of “black gold” in the United States caused this drop. Moreover, the fears that Russia will not reduce...
  • Swiss watch makers are in crisis Swiss watch exports in April crashed at a record pace the drop has totaled 81% compared with the same period last year. Halting production and difficulties with sales caused by...
  • The intensification of the conflict between the USA and China leads to reduction of oil prices The energy market has started the trading session rather unsuccessfully. The next round of the trade war between the States and China caused the price fall. Because of this investors...
  • Germany saves Lufthansa An air carrier Deutsche Lufthansa AG has suffered losses because of the spread of the coronavirus pandemic. It became known that the German government had not left the matter unattended...
Second European economy demonstrates a drop in GDP
April 30
13:00 2020

France ranks second largest eurozone country in terms of volume. It became known that for the first quarter of 2020, the GDP of the country severely affected by coronavirus has fallen 5.8% in quarterly terms. The data was calculated and published by INSEE (the The National Institute of Statistics and Economic Studies)

This decrease is the greatest in recorded history. The consensus forecast of analysts was not so pessimistic; it was assumed that the figure would decrease by 3.5%.

If we calculate the decline in the French economy in annual terms, the reduction will total 5.4%. In the last quarter of the previous year, France’s GDP decreased by 0.1% on a quarterly basis and increased by 0.9% on an annualized basis.


The French national statistics bureau has published expenditure statistics:

• for the quarter , consumer spending has decreased by 6.1%;

• government spending has fallen by 2.4%.

The French have imported 5.9% more goods in the first three months of this year; the export volume has decrease expectedly (by 6.5%).


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

Related Articles

1 Comment

  1. Larryreomi
    Larryreomi May 02, 22:27

    As soon as you look for for that proficient support with the personalized essay, analysis paper, time period paper, dissertation or almost every other bit of producing, that you are encouraged to show.

    Reply to this comment

Write a Comment