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France's GDP shrinks in 14 percent in second-quarter amid Covid19

Shortpedia

Content Team
Image Credit: Shortpedia

As a result of the economic risks posed due to the novel coronavirus, France's economy shrank by nearly 14 percent in the second quarter amid the lockdown. The country remained in a two-month-long lockdown. The country's economy slowed down by 0.2% last year. Previously, the French economy shrank by 5.9 percent in the first quarter of 2020 as an immediate impact of the outbreak of the novel coronavirus.