Arab Today, arab today bank of france predicts a 01 dip in french economcy in q3
Last Updated : GMT 02:18:28
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Bank of France predicts a 0.1% dip in French economcy in Q3

Arab Today, arab today

Arab Today, arab today Bank of France predicts a 0.1% dip in French economcy in Q3

Paris - QNA

The Bank of France or the central bank ,has forecast that the French economy was expected to have slipped into recession during the second half of the year . The Central Bank and already predicted a 0.1 % dip in the third quarter. The Bank of France has forecast a contraction of 0.1% in the fourth quarter. If confirmed, it would be the second consecutive quarter of negative growth, meeting the requirements of the technical definition of a recession. France had posted zero growth in the previous three quarters. The central bank’s forecast diverges from that of the government, which expects growth of 0.3% this year and 0.8 % in 2013. The European Commission, by contrast, expects the economy to grow at half that pace – at 0.2% in 2012 and 0.4% in 2013.

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