France GDP Set To Plunge In November, School Strike, Glimmer Of Hope

France GDP Set To Plunge In November, School Strike, Glimmer Of Hope

On Monday morning, the Banque de France announced that the country’s second confinement will cost the French economy 12% of its GDP in November. The restaurant, non-food trade and recreational activity sectors are expected to be the most heavily hit.

“The loss of GDP for a typical week of activity (compared to pre-pandemic levels) in November will be -12%, against -4% in October but -31% in April,” which reflects the first confinement in France, the Banque de France stated.

Some encouraging news though in terms of Covid cases as infectious disease specialist Karine Lacombe told BFMTTV-RMC, “In some regions, including Île-de-France, there is the impression that the situation is changing, that it is too early to see the first effects of confinement, it could be the consequences of the curfew put in place in mid-October.”

There was a problem of data reporting by Public Health France over the weekend and although Lacombe said we need to remain cautious she adds she is “moderately optimistic.”

Meanwhile a “call for a health strike” is set for schools in France on Tuesday as teachers’ unions put the pressure on education minister Jean-Michel Blanquer to strengthen health protocol in high schools.