Sacrebleu! French economy falls into recession

clock

The French economy has officially entered its third recession in four years after shrinking in the first quarter of 2013, data released today has revealed.

The economy shrunk by 0.2% in the three months to March, having already declined by the same amount the previous quarter. The country already has record unemployment and low business and consumer confidence, prompting some observers to warn its position as a 'core' eurozone nation is becoming increasingly perilous. Meanwhile Germany, which also released economic data today, grew by just 0.1% in Q1, well below the 0.3% growth expected in a poll of economists. Preliminary figures from the Federal Statistics Office showed the German economy had shrunk by 1.4% in total compared to a ye...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot