Sunday, July 13, 2014

French economy sees zero growth in Q2

February 16. 2013 4:12PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) France's government says the economy saw zero growth in the second quarter, amid worries that Europe's No. 2 economy is hovering on the edge of a new recession.

The Insee statistics agency released preliminary estimates Tuesday in line with its earlier forecast of zero growth for gross domestic product in the quarter. It's the third straight quarter without growth.

The central bank and analysts had forecast a 0.1 percent contraction for the quarter.

France has so far avoided a new recession even as other European economies succumbed amid the continent's debt crisis.

Insee also showed that consumer spending shrank and imports grew more than exports.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds