France Q4 preliminary GDP -1.3% vs -4.0% q/q expected
Latest data released by INSEE - 29 January 2021
- Prior (Q3) +18.7%; revised to +18.5%
- Q4 GDP -5.0% vs -7.6% y/y expected
- Prior -3.9%
- Prior (Q3) -3.9%
The French economy contracted once again in Q4 last year after a solid rebound in Q3, though the decline wasn't as bad as estimated so that is a bit of a consolation. That said, all this does is reaffirm prospects of a double-dip recession to kick things off this year.