Commenting on the French Q2 GDP report, Finance Minister Bruno Le Maire said the latest GDP figures were not as bad as some had feared.
“We can improve matters, regarding the economy.”
“There are positive elements within the French economy.”
“We must continue with radical measures to deal with the economic situation.”
“We could do better than current forecast of 11% retraction for the French economy in 2020.”
France's INSEE official statistics agency reported preliminary Q2 GDP at -13.8% QoQ vs. -15.2% expected and -5.9% seen in Q1.
The spot , currently, trades at 1.1882, still up 0.30% on the day.
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