PARIS: Measures to contain the coronavirus dragged the French economy into a sharp contraction in the first quarter, heralding what’s set to be Europe’s deepest recession of the post-war era.
The economy shrank 5.8%, the most since records began in 1949. The slump shows the dramatic effect of government-ordered shutdowns as just two weeks of closures and restrictions were sufficient to snuff out growth for the entire quarter.
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