Global Analysis from the European Perspective. Preparing for the world of tomorrow

French economy to shrink about 10% this year, recovery mid-2022

The French economy will likely shrink about 10 percent this year due to the coronavirus pandemic and will not recover to pre-crisis levels until mid-2022, the Bank of France said on Tuesday. It said signs of a “gradual” recovery should be seen from the third quarter of this year, after a slump in output of 15 percent expected in the three months to June due to the “very sharp shock” resulting from the countrywide lockdown imposed in March. Source Economic Times

GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.

Yearly subscription: 10 issues for €225/$250
Renewal: €160/$175

The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.