The Local France

France to dodge recession but outlook looks less rosy

Fri, 07 Oct 2016 10:26:13 +0200

France will just about avoid a recession but the economic outlook is not as positive as was first forecast.

France narrowly escapes new recession

Fri, 14 Nov 2014 10:11:00 +0100

The clouds over Europe appeared to lift slightly in the third quarter as its two biggest economies both narrowly escaped a new recession, official data showed on Friday.

Moody's keeps France on negative outlook

Sat, 20 Sep 2014 12:35:00 +0200

Moody's maintained its negative rating on France on Friday but -- despite earlier reports -- did not deal the struggling economy a downgrade.

Minister: France is out of recession

Sun, 11 Aug 2013 13:01:00 +0200

Finance Minister Pierre Moscovici has said the economy is out of recession but has revised down the country's growth for this year, estimating gross domestic product will end up somewhere between -0.1 percent and 0.1 percent.

EU orders France to reform pensions and jobs

Wed, 29 May 2013 18:27:00 +0200

The EU issued some strict orders for France to get its house in order on Wednesday. The European Commission told France to overhaul its costly pension system and loosen up its inflexible labour market but there was at least some good news for Paris.

France 'spitting in wind with anti-global view'

Wed, 15 May 2013 16:04:00 +0200

The President of the EU commission made it clear on Wednesday what he thinks France could do to boost its economy, as new figures show the country is officially in recession. Economists told The Local, however, that it's Europe that needs to act.

Crisis grows as France officially enters recession

Wed, 15 May 2013 11:13:00 +0200

There was more bad news for France on the financial front on Wednesday when new figures confirmed the country had officially entered a recession with GDP contracting by 0.2 percent for the first quarter of 2013 - the second consecutive drop.

Crisis deepens with France set for recession

Fri, 03 May 2013 13:56:00 +0200

The economic outlook for France got even gloomier on Friday when the European Commission released its spring forecasts that predicted the country will slide into recession and the number of jobless will rise into 2014.

France to fall into recession this year: IMF

Tue, 16 Apr 2013 17:16:01 +0200

The IMF forecast on Tuesday that France, the eurozone's second-largest economy, will fall into recession this year with the economy contracting by 0.1 percent.

France mired in mild recession: central bank

Thu, 10 Jan 2013 14:45:00 +0100

The French central bank repeated on Thursday its estimate that France fell into a mild recession at the end of 2012, putting contraction of the economy at 0.1 percent in the fourth quarter after equivalent estimated shrinkage in the third quarter.

French economy to contract in final quarter

Fri, 21 Dec 2012 10:22:23 +0100

The French national statistics agency INSEE said Thursday it expects the country's economy to contract by 0.2 percent in the final quarter of this year and the unemployment rate to jump above 10 percent.

France heading for recession: Bank

Fri, 09 Nov 2012 11:56:44 +0100

The French economy is heading for a slight recession at the end of the year, the Bank of France forecast on Friday.

French confidence at rock bottom

Fri, 26 Oct 2012 18:35:30 +0200

The French have rarely been as pessimistic about their future, according to data released on Friday, raising concerns they may cut back on consumption, the only remaining prop to economic growth in the country.

French economy set to shrink: bank

Mon, 10 Sep 2012 12:19:23 +0200

France's economy is set to contract by 0.1 percent in the third quarter, the central bank confirmed Monday, in a forecast of further trouble for the eurozone's second-biggest economy.

France heading back into recession - bank

Wed, 08 Aug 2012 12:37:49 +0200

France is headed back into recession for the second time in just over three years, the country's central bank warned on Wednesday.

France nears recession as growth outlook cut

Fri, 08 Jun 2012 12:19:00 +0200

The Bank of France cut its growth estimate for French growth on Friday, saying the eurozone's second biggest economy would now likely contract by 0.1 percent in the second quarter.

French still gloomy about future

Thu, 05 Jan 2012 11:28:00 +0100

French consumer confidence remained stuck at a three-year low in December, with the French more fearful for their financial outlook, according to official data released Thursday.