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French stats agency reaffirms forecast of the economy falling 17% q/q in Q2

July 08, 2020 at 06:34AM

French stats agency reaffirms forecast of the economy falling 17% q/q in Q2
No change to the June estimate by INSEE
– French economy to fall by 17% q/q in Q2
– To rebound 19% q/q in Q3, then grow by 3% q/q in Q4
– Expects economy to contract by about 9% over the course of 2020
Once again, with all forecasts these days, just take things with a pinch of
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