Don't miss

Replay


LATEST SHOWS

THE DEBATE

Modi meets Trump: The ties that bind US and India leaders

Read more

FOCUS

Left-wing activism on the rise in the United States

Read more

TALKING EUROPE

'Huge failure' on refugee crisis is 'existential problem for EU'

Read more

TALKING EUROPE

Divisions over migration policy: What should the EU do?

Read more

YOU ARE HERE

A trip through France's breathtaking Auvergne region

Read more

IN THE PAPERS

When Modi met Trump: Budding romance or one-night stand?

Read more

THE INTERVIEW

How to counter Islamic State group propaganda?

Read more

THE OBSERVERS

Coal power plant in Senegal worries residents; and the Venezuelan TV show... in a bus

Read more

BUSINESS DAILY

Italian government bails out two regional banks

Read more

France

French growth to stagnate for second consecutive quarter

Text by News Wires

Latest update : 2012-05-10

The French economy will post zero growth in the second quarter of 2012, its second consecutive quarter of stagnation, the Bank of France predicted on Thursday. The French economy grew by 1.7% in 2011, with growth slowing to 0.2% in the last quarter.

AFP - The Bank of France on Thursday forecast zero growth in the French economy for the second quarter of 2012 -- the second quarter in a row of stagnation.

France's gross domestic product should remain "stable" in the second quarter compared to the first quarter, which also saw zero growth, the central bank said in statement.

The French economy grew by only 1.7 percent last year and growth slowed to just 0.2 percent in the last quarter, mirroring stagnant output in the eurozone as a whole.

In January, the government was forced to halve its 2012 growth forecast from 1.0 to 0.5 percent, while the International Monetary Fund predicts a still more pessimistic 0.2 to 0.5 percent.

France's moribund economy was a key factor in Socialist Francois Hollande's win over outgoing President Nicolas Sarkozy in Sunday's French presidential election.

 

Date created : 2012-05-10

  • FRANCE

    French economy edges up as Italy slips into recession

    Read more

  • FRENCH ELECTIONS 2012

    Hollande calls limiting economic immigration 'essential'

    Read more

  • ECONOMY

    French trade deficit hit record €69.6 billion in 2011

    Read more

COMMENT(S)