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French Economy Contracted 4 in Q4 Central Bank

PARIS, Jan 13 Reuters The French economy probably contracted 4 in the final quarter of last year from the previous three months although activity picked up in December after a coronavirus lockdown was lifted, the French central bank said on Wednesday.

In light of the fourth quarter performance, the Bank of France said it was sticking with a previous estimate that the euro zones secondbiggest economy shrank 9 over the course of last year.

The central bank also estimated the economy was operating this month down 7 from precrisis levels, unchanged from December but up from 11 in November when the country was under its second coronavirus lockdown.

Reporting by Leigh Thomas; Editing by David Gregorio

Source Reuters

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