Published 15:14 IST, July 31st 2020

French economy shrinks by 13.8% during lockdown

France's economy shrank by nearly 14% per cent in the second quarter of this year when the country was in coronavirus lockdown, the national statistics agency said on Friday.

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France's ecomy shrank by nearly 14% per cent in second quarter of this year when country was in coronavirus lockdown, national statistics ncy said on Friday.

It marked a third consecutive quarter of negative growth amid a worsening recession.

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startling plunge of 13.8% in France's GDP from April to June starkly illustrated punishing ecomic cost of two-month lockdown.

pain was so damaging to jobs and industries that government is talking down possibility of ar nationwide lockdown as infections tick urd again.

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France's ecomy was alrey slowing, shrinking by 0.2% in last quarter of 2019, before pandemic hit with full force.

country's GDP n fell 5.9% in first quarter of 2020 as COVID-19 patients started to flood and overwhelm hospitals.

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That health crisis, with COVID-19 killing more than 30,000 people in France, prompted government in March to introduce what was one of Europe's strictest lockdowns, halting much activity in second-largest ecomy of countries that use euro currency.

French finance minister Bru Le Maire has called on French consumers to help kickstart recovery.

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" best way to come out of this ecomic crisis quickly is for French to spend," he said Friday.

 

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15:14 IST, July 31st 2020