English | دری

France’s economy to contract again

in International Business

France’s economy to contract again

The Bank of France has predicted the country’s economy to fall back into recession this quarter, as the economy showed zero growth in the first quarter of the year.

The economy is estimated to shrink by 0.1% in July to September.

France’s economy, one of the major economies of the Eurozone, has been hit by the crisis in the Euro nations, weakening the demand for France’s exports.

The massive debt issues of fellow nations, such as Greece, Spain and Portugal, have also bashed France’s consumer and business confidence.

France saw its last economic growth in the spring of 2009.

Related Articles

Australia’s economic growth continues to dwindle

Australia’s economy grew at a rate of 3.7% in the April to June period, down from 4.3% annual growth in

HSBC vulnerable to launder drug money

The US Senate Permanent Subcommittee on Investigations released a report disclosing Europe’s largest bank, HSBC, being used to launder dirty

A senior official reveals Bank of England’s EU exit project in an email

A senior official of the Bank of England inadvertently sent details of a confidential project on the United Kingdom (UK)

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.