The French economy shrank 0.1 per cent in the last three months of 2019, following the two consecutive quarters of negative growth, the country is now technically in recession.

Main Economic and Financial Indicators report released by Banque de France (Bank of France) and an article by the AFP supports the claim.

Main Economic and Financial Indicators report released by Banque de France (Bank of France) and an article by the AFP supports the claim.As per the Bank of France report, France Gross Domestic Product (GDP) had gone down in 2019 in third-quarter 0.3 and fourth quarter 0.1 (page no 07) which shows that with two consecutive quarters of negative growth.

An article published by the AFP states that the French economy falls around six per cent in the first quarter in 2020 as the coronavirus pandemic decimated business activity. Further, the report states that the French central bank said that in the last two weeks of March 2020, as the coronavirus crisis deepened, economic activity slowed 32 per cent which shows the country is technically in recession.

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