France’s lockdown is now scheduled to continue until at least 11 May, which is roughly four weeks longer than the original end date of 15 April. Aline Schuiling, a Senior Economist at ABN Amro, forecast the growth outlook for the French economy. Key quotes “Using the methodology of the BdF, we have estimated what the impact of the extension of the lockdowns until 11 May would be, and found that GDP will contract by about 12.5% in Q2 and that annual growth in 2020 would be around -6%.” “A much sharper contraction of GDP in Q2 (of around 20% qoq – non-annualised!) seems to be on the cards, which would reduce annual growth in 2020 to around -7.5%. This is in line with the French government’s newly published estimate of -8% for this year.” 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 USD/CAD jumps towards 1.4000 ahead of US data, BOC FX Street 2 years France’s lockdown is now scheduled to continue until at least 11 May, which is roughly four weeks longer than the original end date of 15 April. Aline Schuiling, a Senior Economist at ABN Amro, forecast the growth outlook for the French economy. Key quotes “Using the methodology of the BdF, we have estimated what the impact of the extension of the lockdowns until 11 May would be, and found that GDP will contract by about 12.5% in Q2 and that annual growth in 2020 would be around -6%.” “A much sharper contraction of GDP in Q2 (of around 20% qoq… 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.
