French economy rebounded 16% in third quarterChristian Fernsby ▼ | October 8, 2020
The French economy rebounded 16% in the third quarter after an unprecedented 13.8% slump in the previous three months, the central bank estimated on Thursday, sticking with a previous forecast.
Rebounded France street
Since the lockdown lifted on May 11, business activity has sprung back to life and the economy was operating down 5% from pre-crisis levels as of September, the central bank said, drawing on the findings of a monthly survey of 8,500 companies.
The INSEE official stats agency also estimated earlier this week that economic growth rebounded 16%, but warned that it was likely to taper off in the final three months of the year in the face of surging new coronavirus infections. ■