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International Newport Group Reviews: French economy to avoid recession, says central bank

Shawn Ashfield

The French economy will avoid recession this year, according to the country's central bank.
It predicts growth of 0.1% in the first three months of 2013, a more upbeat outlook than that of many economists, who are discouraged by recent data.
A recession is usually defined as two consecutive quarters of contraction.
In its monthly report, the Bank of France said: "Forecasts point to a modest rise in [industrial] activity in February."....

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  • Shawn  AshfieldShawn Ashfield

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