French economy to enter into recession, says Bank of France

August 8, 2012 By La rédaction de Mediapart

Bank of France says French economy set to slip into a shallow recession in the third quarter, dampening government hopes for 0.3% growth in 2012.

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France's economy is likely to slip into a shallow recession in the third quarter, the Bank of France said on Wednesday, dashing hopes for a robust recovery this year and adding to signs that Europe's economic prospects are worsening, reports Reuters.

French economy to enter into recession, says Bank of France

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