08 Jun, 2012

French Economy

08 Jun, 2012

There has been mixed news on the outlook for the eurozone’s biggest economies.

The Bank of France expects the French economy to contract by 0.1% between April and June this year, having predicted that there would be zero growth less than a month ago.

But the German central bank has increased its forecast for German growth this year from 0.6% to 1%.  German growth has kept the eurozone out of recession this year.

Earlier this week, the latest set of official figures confirmed that the eurozone economy as a while achieved zero growth in the first three months of 2012.

Credit: BBC/Reuters

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