French Economy Deteriorates Further


In Q1, France's GDP dropped by 0.2 percent for the second consecutive quarter, throwing the country back into recession. The economy continues to suffer from weakness in investment, mainly due to falling exports and decreasing domestic demand. Indeed, tight fiscal consolidation policy in connection with rising unemployment, continue to take its on toll on both consumer and business confidence.


Nuno Fontes | nuno@tradingeconomics.com
5/24/2013 8:55:15 AM