France Q4 preliminary GDP -1.3% vs -4.0% q/q expected

Author: Justin Low | Category: News

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%
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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.

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