Insee - June 09

Insee - June 09
  • Current account balance -€5.4billion
  • Prior -€3.3 billion, revised -€2.8 billion

Exports fell to €23 billion, while imports declined to €28billion. That accounts for the narrower widening deficit as the nations shut down over COVID-19 lockdowns. Pretty grim reading and May looks set for even worse figures. However, none of this is unexpected.