France sees record 13.8% GDP plunge in second quarter

MG News | July 31, 2020 at 11:00 AM GMT+05:00

0:00

July 31, 2020: France's economy contracted by a record 13.8 percent in the second quarter under the impact of coronavirus lockdowns, the national statistics institute INSEE said Friday.

The seasonally-adjusted quarter-on-quarter drop in gross domestic product (GDP) far surpassed expectations and the performance of its eurozone peers.

"GDP's negative developments in first half of 2020 is linked to the shut-down of 'non-essential' activities in the context of the implementation of the lockdown between mid-March and the beginning of May," INSEE said in a statement.

AFP/APP

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,471.70 259.93M	-0.61% -1025.66
ALLSHR	100,843.11 512.86M	-0.49% -496.18
KSE30	50,991.43 82.28M	-0.81% -417.71
KMI30	241,702.03 69.71M	-0.63% -1523.69
KMIALLSHR	65,366.59 336.91M	-0.43% -282.13
BKTi	47,401.86 58.45M	-0.83% -397.31
OGTi	35,020.06 3.18M	-0.46% -163.25

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,985.00	77,840.00 76,800.00	-205.00 -0.27%
BRENT CRUDE	111.18	111.32 107.81	2.95 2.73%
RICHARDS BAY COAL MONTHLY	106.00	0.00 0.00	-1.10 -1.03%
ROTTERDAM COAL MONTHLY	104.35	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	98.57	98.85 96.24	2.20 2.28%
SUGAR #11 WORLD	13.99	14.30 13.95	-0.12 -0.85%