Reuters reports that the French economy rebounded 16% in the third quarter after an unprecedented 13.8% slump in the previous three months, the central bank estimated

The euro zone’s second-biggest economy slumped deep into recession in the second quarter after the country was put under one of the strictest coronavirus lockdowns in Europe for two months.

Since the lockdown lifted on May 11, business activity has sprung back to life and the economy was operating down 5% from pre-crisis levels as of September, the central bank said.