French Spending Plunge Adds to Urgency on Lockdown Easing

French Spending Plunge Adds to Urgency on Lockdown Easing

(Bloomberg) -- Economic data on what happened during lockdowns are adding to the urgency for governments to ease virus-related restrictions to get back to normal. Figures in France on Friday show consumer spending fell more than 30% in April, the most since the series began in 1980. The damage to businesses and jobs has been clear, with jobless claims spiking to a record last month.

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