A glimmer of hope that France may edge out of recession in the next three months came from the central bank on Aug. 7, the day after President Francois Hollande repeated that recovery was on the way.
The Bank of France said in a first estimate that the economy, which is stumbling along just below the line between recession and expansion, was set to edge into growth of 0.1 percent in the third quarter of the year.
The overall picture for France is mixed but appears to be trailing the trend in the eurozone and Britain. The latest forecast, coupled with some other recent signs, is broadly in line with data showing that the eurozone is emerging from recession.
Read more: ECONOMICS - Glimmers of economic growth hope peep through recession in France
The Bank of France said in a first estimate that the economy, which is stumbling along just below the line between recession and expansion, was set to edge into growth of 0.1 percent in the third quarter of the year.
The overall picture for France is mixed but appears to be trailing the trend in the eurozone and Britain. The latest forecast, coupled with some other recent signs, is broadly in line with data showing that the eurozone is emerging from recession.
Read more: ECONOMICS - Glimmers of economic growth hope peep through recession in France
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