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












