Arab Today, arab today france\s economy contracts
Last Updated : GMT 04:18:04
Arab Today, arab today
Arab Today, arab today

France\'s economy contracts

Arab Today, arab today

Arab Today, arab today France\'s economy contracts

Paris - DW

The French economy has contracted, according to the country\'s central bank. But with the public deficit falling and the French government making robust growth forecasts, signals about the health of the economy are mixed. The Bank of France on Friday curtailed its French growth projection, saying the economy was on course to shrink by 0.1 percent in the second quarter. If the estimates are correct, it would represent France\'s first quarterly contraction since the country managed to extract itself from recession in 2009. Although the current alleged shrinkage would not put France back into recession territory, if the economy were to experience a second contraction in the third quarter, the country would officially join other EU states like Greece, Spain and Italy in recession. The forecast contrasts with the central bank\'s prior projection of essentially flat-line growth in the three months from April to June. The news comes after the French national statistics office, INSEE, reported on Thursday that unemployment rose to one in ten people in the first quarter of 2012, a level of joblessness that the country has not endured since 1999. Meanwhile, the French customs service posted a reduction in the country\'s national trade deficit in April from 7.3 billion euros to 5.8 billion euros. \"Exports are generally well oriented, but suffered from hits in the aeronautic sector and a decline in sales of refined petroleum products,\" the customs service said in a statement. \"Imports are underpinned by large purchases of energy products, intermediate and capital goods,\" it added, referring to products often used for making finished goods. Mixed signals But the French public deficit fell by 1.5 billion euros in April year-on-year. The budget ministry attributed the fall to higher tax revenues and a windfall from the selling of fourth-generation phone frequencies. And, according to a ministry statement, France is “at this point in the year\" on target to trim its public deficit in accordance with the 2012 budget outlined by the former Sarkozy government- it has decreased to 59.9 billion euros. The European Commission has predicted that the French economy will grow by 0.5 percent this year, corroborating projections by the new socialist government led by Francois Hollande. But the Commission\'s expectations for growth the year after, at 1.3 percent, are more modest when set against Hollande\'s forecast of 1.7 percent, an objective tied to his new economic plans for the country.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france\s economy contracts Arab Today, arab today france\s economy contracts

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU

GMT 16:23 2017 Sunday ,19 February

Global energy news

GMT 16:05 2017 Sunday ,19 February

Trudeau calls for wider social benefit from economy
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday