France's economy, which like those of other countries was pushed into a bruising recession by the coronavirus, will bounce back now that lockdown measures are lifted but will still contract over the year as a whole, official data showed Tuesday.
Nevertheless, the rebound was not quite as strong as expected and Insee said it was sticking to its forecast for an overall economic contraction of 9.0 percent for the year as a whole. While activity in key areas such as air transport and culture and entertainment continued to be throttled by the coronavirus restrictions, some sectors were still benefitting from the emergency economic measures put in place by the government, the statisticians said.
Source: Financial Digest (financialdigest.net)
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