The Bank of France has released their estimate for French GDP in Q1 and it provided clear evidence of the damage COVID-19 disruption is expected to have on the French and global economy, economists at MUFG Bank apprise. Key quotes “The Bank of France estimated that the French economy will contract by 6.0% in Q1.” “The estimated loss of activity in the one week of confinement in Q1 was estimated at around 32%. According to the Bank of France’s survey, factories were running at a record low of only 56% of capacity in March.” “The scale of economic weakness has prompted ECB President Lagarde to renew her plea for a strong fiscal response ahead of today’s second round of discussions over a joint EU response.” “Unless there is a positive surprise today from EU policymakers, the euro is likely to continue to trade on a softer footing amidst the recent improvement in risk sentiment.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next FOMC: The Fed will act fact and meaningfully again if the need arises – BMO FX Street 2 years The Bank of France has released their estimate for French GDP in Q1 and it provided clear evidence of the damage COVID-19 disruption is expected to have on the French and global economy, economists at MUFG Bank apprise. Key quotes “The Bank of France estimated that the French economy will contract by 6.0% in Q1.” “The estimated loss of activity in the one week of confinement in Q1 was estimated at around 32%. According to the Bank of France’s survey, factories were running at a record low of only 56% of capacity in March.” “The scale of economic weakness has… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
