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FRANCE’S GRIM STATISTICS

Submitted by christian on Mon, 06/15/2020 - 17:31
  1. France’s economy will take two years to recover from its worst post-war recession.
  2. The euro zone’s second-biggest economy is on course to contract 10.3 per cent this year, before it bounces back with growth of 6.9 per cent in 2021 and 3.9 per cent in 2022.
  3. Nearly a million jobs are likely to be shed this year and unemployment could climb to a new record of 11.8 per cent in the first half of 2021.
  4. Gross domestic product expected to contract 11% this year.
  5. National debt is expected to swell to an unprecedented 120.9% of economic output
  6. Consumer spending will fall by about 10% this year
  7. 25% increase in bankruptcies
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FRANCE’S GRIM STATISTICS

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