In its first estimate for the third quarter of 2012, the Bank of France said that the nation’s GDP was likely to fall by 0.1 percent in the three months to September, which was in stark contrast to the government’s optimistic forecast of 0.3 percent growth for the whole year.
Additionally, France’s trade deficit remained at a close to record high, with imports outstripping exports by 34.9 billion euros ($43.2 billion) in the first half of the year…
via France To Slip Into Recession For Second Time In Three Years | Economy Watch.
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