France’s economy grew stronger in the third quarter than previously thought. According to a new estimate by the French statistical office Insee, growth was 18.7 percent compared to the second quarter. A further 18.2 percent was reported when a provisional estimate was made. In the second quarter, the French economy shrank by 13.8 percent due to the COVID-19 crisis and the lockdown measures. According to Insee, the size of the economy is still almost 4 percent smaller than before the virus outbreak. The statistical office believes that in the fourth quarter, the French economy will again show shrinkage due to corona’s upturn and the reintroduction of lockdowns.
