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Bank of France estimate -4% GDP loss in Oct, -12% in Oct on pandemic restrictions

Bank of France said the outlook for November is “on the whole oriented clearly downwards”, but in a more differentiated and limited way than during the first round of coronavirus restrictions earlier this year.

The loss of GDP in October, comparing to normal pre-pandemic level is estimated at around -4%, just slight deterioration from September’s -3.5%. For November, GDP loss is estimated to be around -12%. The figures were much better than the -31% loss in GDP recorded in April.

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