fxs_header_sponsor_anchor

News

French GDP plummets by 5.8% in Q1, worse than expected

France reported a plunged of 5.8% in its Gross Domestic Product in the first quarter of 2020, worse than a quarterly fall of 4% expected. Year on year, output shrank by 5.4%, more than a 3.6% forecast. That is the worst quarter on record and the spring quarter will likely be worse.

The eurozone's second-largest economy imposed a nationwide lockdown in mid-March and will only relax them in mid-May. Additional European growth, inflation, and employment figures are due out throughout the morning, ahead of the European Central Bank's decision.

EUR/USD is trading around 1.0863, steady in range. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.