08 Jun, 2012

French Economy

There has been mixed news on the outlook for the eurozone’s biggest economies.

The Bank of France expects the French economy to contract by 0.1{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e} between April and June this year, having predicted that there would be zero growth less than a month ago.

But the German central bank has increased its forecast for German growth this year from 0.6{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e} to 1{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}.  German growth has kept the eurozone out of recession this year.

Earlier this week, the latest set of official figures confirmed that the eurozone economy as a while achieved zero growth in the first three months of 2012.

Credit: BBC/Reuters

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