France's economy is suffering badly: Experiences the biggest decline since World War 2

France's economy is suffering badly: Experiences the biggest decline since World War 2

France is in recession and is entering the most violent economic downturn since World War II, wrinkled six percent in the first quarter of 2020 because of measures taken against the spread of the coronary pandemic. Figures from the Bank of France reveal that this negative growth came [...]

Figures from the Bank of France reveal that this negative growth came at the end of a quarter, when retributive measures went into effect throughout the country to halt the distribution of the Devid-19 disease.

France entered quarantine on March 17th, causing its economic activity to drop by 32 percent over the next two weeks, writes Independent.

The central bank predicts that for every two weeks countries continue to remain in quarantine, the economy will be reduced by 1.5 per cent. The presidential date of quarantine is April 15th, but is widely expected to expand further.

Among the most severe quarantined industries are that of construction, tourism, and transportation, some of which were already wavering late last year.

This is the second quarter in a row that the French economy has suffered a decline, right after the fall of 2019 by 0.1 percent.

So far in France there are more than 100,000 cases of Corleone, making the world's most vulnerable post-US, Spain and Italy. /Periscope

Related
Warning of tropical storms in the U.S.

Warning of tropical storms in the U.S.

Zelensky and Trump face-to-face meeting at the G7 summit, also present, was discussed by the two leaders.

Zelensky and Trump face-to-face meeting at the G7 summit, also present, was discussed by the two leaders.

Call for monitoring process for appointment of chief state prosecutor opens

Call for monitoring process for appointment of chief state prosecutor opens

Chocolate: LVV is expected to have 53 deputies, AAK 7 ʹ narrow race between LDK and LDK for a mandate

Chocolate: LVV is expected to have 53 deputies, AAK 7 ʹ narrow race between LDK and LDK for a mandate

Hezbollah claims Iran will sign agreement if Israel steps down from Lebanon

Hezbollah claims Iran will sign agreement if Israel steps down from Lebanon

Terras: Kosovo has long been in a state of election campaign, it makes the work of Parliament and Government difficult

Terras: Kosovo has long been in a state of election campaign, it makes the work of Parliament and Government difficult

Lionel Mess ready for the World, no more doubts about injuries

Lionel Mess ready for the World, no more doubts about injuries

Blast in Prizren: Bomb at the lawyer's house

Blast in Prizren: Bomb at the lawyer's house

US-Iran Agreement signing ceremony discovered

US-Iran Agreement signing ceremony discovered

Close to 80% of the votes by counted mail, these are the results

Close to 80% of the votes by counted mail, these are the results

Trump: If it were U.S., with me at the top, Israel would have been wiped out.

Trump: If it were U.S., with me at the top, Israel would have been wiped out.

Zelensky shows G7 leaders discussed additional sanctions on Russia

Zelensky shows G7 leaders discussed additional sanctions on Russia

Will PLOWAY: Zrvenec Lands and Arthur Shehu's ties to Albania's best-known narcoticsmen

Will PLOWAY: Zrvenec Lands and Arthur Shehu's ties to Albania's best-known narcoticsmen