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- French economy at 1.0-1.5% below pre-COVID levels in July - Bank of France
French economy at 1.0-1.5% below pre-COVID levels in July - Bank of France
Reuters reports that according to a Bank of France survey, the French economy ran at between 1.0-1.5% below pre-COVID-19 levels in July, as the euro zone's second biggest economy emerged from a lockdown but faced new protocols to tackle the virus.
The Bank of France expected activity to be stable in the services sector this month, but added that measures such as a COVID "health pass" - required by bars and restaurants - could impact the food services sector.
Data last month showed the French economy grew 0.9% in the second quarter from the previous quarter.
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