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France’s economy records fastest growth in 52 years – business live | Business

Mount Equity Group Tokyo Japan > News > Business > France’s economy records fastest growth in 52 years – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

France has posted its strongest growth in over 50 years, as the economy recovered from the economic shock of the pandemic.

French GDP expanded by 7% last year, data just released shows – the strongest annual expansion since 1969, as the economy showed resilience in the face of supply chain disruption.

It follows an 8% contraction in 2020 as lockdowns and restrictions to fight Covid-19 drove the economy into deep recession.

French annual growth up to 2020 Photograph: World Bank

The strongest boom in a generation is a boost to Emmanuel Macron’s economic credentials, ahead of April’s presidential election in which he is widely expected to run for a second term.

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