France’s economy caves under pressure of massive protests

Gonzalo Fuentes

The French economy, one of the largest in the EU, has failed to meet expectations and contracted for the first time under the presidency of Emmanuel Macron in the final quarter of 2019.

France’s real GDP fell 0.1 percent in the fourth quarter, a dramatic drop after an expansion by 0.3 percent in July-September, according to a report published by the French national statistics bureau, INSEE, on Friday. While the agency said that GDP slid just “slightly,” the results are well below the earlier projected 0.2 percent growth.

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