France’s economic system suffered one other contraction on the finish of the yr because of the tightening of restrictions to restrict the unfold of the coronavirus pandemic.
The eurozone’s second-biggest economic system contracted 1.3% in the course of the fourth quarter, following upwardly revised development of 18.5% within the third quarter, French statistics company Insee mentioned in a primary estimate for the interval. Economists polled by The Wall Avenue Journal had forecast a 4.1% contraction of gross home product.
On an annualized foundation, the economic system contracted by 5.0%, Insee mentioned.
Spain, Germany and Belgium may even publish GDP figures on Friday.
Supply: Dow Jones