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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	France's economy could contract by around 20 percent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency INSEE said Wednesday. It said that the French economy was currently running "at roughly four-fifths of its pre-crisis level" compared to two-thirds during the lockdown period. INSEE also said activity was resuming "prudently" after lockdown measures were eased on May 11, and that consumer spending was rebounding. Nevertheless consumer confidence slid a bit further from the sharp drop registered in April when lockdown measures were in force the entire month. INSEE's consumer's confidence index fell by two points to stand at 93 points in May, after dropping by 8 points the previous month. The index is calculated so that 100 is the long-term average. "Households are displaying a marked pessimism concerning France's economic situation," said INSEE. On the other hand, the business confidence index rose slightly, to 59 points, after having hit a revised 53 points in April, the lowest ever reading since INSEE began to calculate the index in 1980. "Indicators about future activity have stopped plunging, but the declarations about the outlook remain bleak," said INSEE. mhc/rl/wdb
schema:headline	France GDP could fall 'around 20%' in second quarter: statistics agency
schema:mentions	Slid (Fluke song) French language Gross domestic product Lockdown France INSEE code Major histocompatibility complex Consumer confidence Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-27 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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