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France Q1 GDP forecasts around -3.5%....>

MNI (London)
FRANCE DATA: France Q1 GDP forecasts around -3.5% to -4.0% Q/Q due 0630BST
Before the release of the EZ GDP figures at 10BST, Insee publish their Q1 data
and markets expect the French economy to decline by 4.0% in Q1 following a mild
contraction of 0.1% in Q4. Insee noted that they expect Q1 to be strongly
negative in their recent forecast, with the period including the near-shutdown
of the economy for parts of March. With the worst Covid-19 effects starting
around mid-March, some of the worst impact may not have been fully captured by
the flash data.
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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