“The 1.3% q/q fall in Q4 GDP shows that the French economy withstood the autumn’s lockdown much better than anticipated, due to the success of more targeted measures,” Jessica Hinds, Europe Economist at Capital Economics noted. Additional quotes “But the high case numbers and strain on hospitals mean tougher measures are likely to be imposed soon, the economy has started 2021 on the back foot.” “The decline in GDP was much less than the 4% drop that both we and the consensus had expected. Notably, it was significantly smaller than Q2 2020’s 13.7% plunge, reflecting both the fact that the autumn’s measures had a narrower focus and also that households and firms have been better able to adapt to the restrictions.” “Indeed, the breakdown showed that output in both industry and the construction sectors rose in Q4. Even private services output fell by “just” 2.2% q/q, Meanwhile, the breakdown of GDP by expenditure showed that the decline was driven primarily by consumer spending, which was unsurprising given the nature of the restrictions.” “Investment actually continued to recover, increasing by 2.4% q/q in Q4, with France’s statistics office citing a “remarkably high number of property transactions”. Foreign trade also made a positive contribution to GDP growth in Q4. “ 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 ECB Preview: Lagarde may trigger a “buy the dip” opportunity by trying to talk down the euro Yohay Elam 10 months “The 1.3% q/q fall in Q4 GDP shows that the French economy withstood the autumn’s lockdown much better than anticipated, due to the success of more targeted measures,” Jessica Hinds, Europe Economist at Capital Economics noted. Additional quotes “But the high case numbers and strain on hospitals mean tougher measures are likely to be imposed soon, the economy has started 2021 on the back foot.” “The decline in GDP was much less than the 4% drop that both we and the consensus had expected. Notably, it was significantly smaller than Q2 2020’s 13.7% plunge, reflecting both the fact that the… Top 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.
