{"id":40704,"date":"2021-01-29T11:36:37","date_gmt":"2021-01-29T07:36:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=40704"},"modified":"2021-01-29T11:36:40","modified_gmt":"2021-01-29T07:36:40","slug":"frances-economy-contracted-less-than-expected-in-the-fourth-quarter-of-2020","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/frances-economy-contracted-less-than-expected-in-the-fourth-quarter-of-2020\/01\/29\/market-updates\/","title":{"rendered":"France&#8217;s economy contracted less than expected in the fourth quarter of 2020"},"content":{"rendered":"\n<p>Official data published today showed that France&#8217;s economy contracted again in the fourth quarter of last year, but not to the extent expected after facing a second wave of isolation measures aimed at combating the spread of the Corona virus.<\/p>\n\n\n\n<p>The National Institute for Statistics and Economic Studies said that the second largest economy in the euro area shrank 1.3% in the last three months of last year, after rising 18.5% in the previous quarter, when it achieved an unprecedented recovery after the first general closure.<\/p>\n\n\n\n<p>The result exceeds expectations for an average decline of 4 percent in a Reuters poll of 28 economists, while estimates ranged from -1.4 percent to -5.3 percent.<\/p>\n\n\n\n<p>This also means that for the year 2020 as a whole, the economy shrank by 8.3 percent, which is better than -11 percent, which is the decline that the government had expected in its budget plans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Official data published today showed that France&#8217;s economy contracted again in the fourth quarter of last year, but not to the extent expected after facing a second wave of isolation measures aimed at combating the spread of the Corona virus. The National Institute for Statistics and Economic Studies said that the second largest economy in &hellip;<\/p>\n","protected":false},"author":9,"featured_media":33552,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6920],"class_list":["post-40704","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-france"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=40704"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40704\/revisions"}],"predecessor-version":[{"id":40705,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40704\/revisions\/40705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33552"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=40704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}