French economy show strong quarterly growth

F

The French economy experienced a strong recovery in the third quarter. Economists in general did not expect such a strong upturn. However, many connoisseurs remain pessimistic as new lockdown measures are now creating new economic problems.

Compared with the second quarter, the French economy rose by 18.2% in July, August and september, according to preliminary figures from the French statistical office. A period earlier, under pressure from the first lockdown, the economy collapsed by a revised 13.7 percent. Economists had actually counted on a plus of 15 percent for the third quarter.

Moreover, the recovery was not so strong last quarter that the French economy was already above its level a year earlier. Gross domestic product (GDP) was still 4.3% less than a year earlier. Experts had expected a reduction of 7.3 percent on an annual basis.

About the author

Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Categories