French economy could contract 20% in second quarter - INSEE

PARIS (Reuters) - French gross domestic product could fall by as much as 20% in the second quarter from the previous three months as the economy emerges from a nationwide coronavirus lockdown, the INSEE official statistics agency estimated on Wednesday. That would mark a sharp deterioration in France's recession after the euro zone's second-biggest economy contracted 5.8% in the first quarter.INSEE said the economy could contract 8% for the whole of 2020 in the unlikely scenario that activity..