Macron’s Gamble Won’t Stop a French Double-Dip Recession

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Macron’s Gamble Won’t Stop a French Double-Dip Recession

The French government has so far resisted calls from medics for a third national lockdown to prevent the spread of new, more infectious variants of Covid-19. Still, with earlier curfews and tighter restrictions on non-essential retail, Bloomberg Economics doubts this strategy will stop the economy from contracting in the first quarter, even if it keeps the virus under control. That puts France on course for its first double-dip recession in at least 70 years.

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