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Central Bank Of France Expects France’s GDP To Decline by 9-10%

  • The Central Bank of France namely The Banque de France has forecast that the GDP of France will decline by 9-10% in the present financial year.

  • Earlier in September, the bank had forecast a decline of 8.7% in GDP but after the second lockdown due to the rapid rise in COVID-19 cases in October, the bank has again forecast that there will be a decline of 9-10%.

  • The bank’s chief Francois Villeroy de Galhau informed about the projections on Monday, on RTL.