WORLD ROUND-UP
FRENCH ECONOMY TO REBOUND WITH 5% GROWTH; CENTRAL BANK PARIS: The French economy will rebound strongly this year from a deep recession sparked by Covid-19, the country's central bank chief said on Tuesday. Growth will reach at least 5% in 2021, Bank of France governor Francois Villeroy de Galhau told France Info radio, a forecast that “comforted” a prediction the bank made in December. “The recession is behind us,“ he said. French gross domestic product slumped 8.3% in 2020, national statistics bureau Insee estimated in late January, saying that downturn had turned out to be less brutal than originally forecast. A massive drop in consumer spending was behind much of the 2020 decline, while investment and foreign trade held up well, it said. CHINESE DEMAND BOOSTS GERMAN EXPORTS IN JANUARY FRANKFURT-AM-MAIN: Germany's exports ticked up in January on robust trade with China but imports sank as coronavirus shutdowns sapped consumer demand in Europe's top economy, official data showed on Tuesday.
WORLD ROUND-UP
FRENCH ECONOMY TO REBOUND WITH 5% GROWTH; CENTRAL BANK PARIS: The French economy will rebound strongly this year from a deep recession sparked by Covid-19, the country's central bank chief said on Tuesday. Growth will reach at least 5% in 2021, Bank of France governor Francois Villeroy de Galhau told France Info radio, a forecast that “comforted” a prediction the bank made in December. “The recession is behind us,“ he said. French gross domestic product slumped 8.3% in 2020, national statistics bureau Insee estimated in late January, saying that downturn had turned out to be less brutal than originally forecast. A massive drop in consumer spending was behind much of the 2020 decline, while investment and foreign trade held up well, it said. CHINESE DEMAND BOOSTS GERMAN EXPORTS IN JANUARY FRANKFURT-AM-MAIN: Germany's exports ticked up in January on robust trade with China but imports sank as coronavirus shutdowns sapped consumer demand in Europe's top economy, official data showed on Tuesday.