Rolling coverage of the latest economic and financial newsBreaking: French GDP grew 0.4% in first quarter of 2021France returns to growth, but eurozone may have shrunk in last quarterThat would mean a double-dip recessionYesterday, US GDP grew by 1.6% (6.4% annualised) 7.29am BST More reaction….#France’s economy unexpectedly grew in Q1, with #GDP growth up 0.4%. pic.twitter.com/myVmcCIXhySome Europe q1 GDP first estimates out today. So far France with growth of 0.4%. Still -4.4% compared with pre-pandemic (q4 2019) 7.27am BST President Macron’s decision to delay tightening France’s lockdown until March may also have contributed to the rise in GDP.Bloomberg says:The French economy returned to growth in the first quarter after the government delayed implementing strict Covid-19 lockdowns that have since clouded the outlook.Output in the euro area’s second-largest economy grew 0.4% in the three months through March, helped by President Emmanuel Macron decision to put off the tougher restrictions imposed in other European countries. It’s euro-area GDP Super Friday. France’s data out first: Economy expanded 0.4% in 1Q (helped by Macron’s decision to put off the tougher restrictions imposed in other European countries) https://t.co/TQ555zNzcw pic.twitter.com/QwEzYAxJ0j Related: France to close schools and stop domestic travel after Covid surge Continue reading…
Source link : https://www.theguardian.com/business/live/2021/apr/30/eurozone-gdp-france-germany-italy-covid-19-pandemic-recession-unemployment-inflation-business-live
Author : Graeme Wearden
Publish date : 2021-04-30 06:29:32
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