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French economy rebounds despite Covid-19 closures


French economy rebounds despite Covid-19 closures
Issued on:
03/05/2021 - 18:50
Crisis, what crisis? People enjoy the sun on the banks of the Seine in Paris earlier this year. © AFP/Stéphane de Sakutin
3 min
The French economy returned to growth in the first quarter of 2021, sustained by enthusiastic consumer spending, despite crippling Covid-19 restrictions which were re-imposed earlier this year in an effort to curb a surge in infections.
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French Gross Domestic Product (GDP, a measure of the wealth a nation can produce) edged up 0.4 percent compared to the final three months of 2020, a year that saw the coronavirus pandemic plunge countries worldwide into historic recessions, the Insee statistics agency said. ....

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