GDP already shrank by 0.1 per cent in the last quarter of 2019 in the eurozone’s second largest economy, according to the nation’s statistics office.
Economists talk of a country entering into a recession when the economy shrinks for two quarters in a row.
French Finance Minister Bruno Le-Maire has said he expects the current crisis to exceed that of the 2009 financial crisis when the economy of the highly-indebted country shrank by 2.9 per cent, at the time of the most severe contraction since the end of World War II.
France has, for the past three weeks, imposed strict lockdown measures on its population, with many economic sectors facing severe limitations on their activities.
Edited By: Fatima Sule/Ijeoma Popoola
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