Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Robert Mugabe resigns, celebrations erupt in the streets of Harare

Read more

MEDIAWATCH

Zimbabwe's end of an era

Read more

FOCUS

Video: An uncertain fate for US's transgender soldiers

Read more

THE DEBATE

Enslaved in Libya:

Read more

ENCORE!

Seal on his new album 'Standards' and why he doesn't like texting

Read more

IN THE PAPERS

'The End of German Stability'

Read more

IN THE PAPERS

'Bad news for Merkel is bad news for Europe'

Read more

EYE ON AFRICA

Zimbabwean MPs set to start impeachment proceedings against Mugabe

Read more

BUSINESS DAILY

US government sues to block AT&T-Time Warner merger

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)