French central bank warns on recession

France will probably slip back into recession before the autumn of 2012, the French Central Bank (Banque de France) warned on the 8 August 2012, showing the difficulties ahead for the new Socialist government as it tried to balance the country’s books.

BBC News, 8.8.12: France to fall back into recession says central bank http://www.bbc.co.uk/news/business-19177381

Banque de France: Industrie et Services Marchands, July 2012 http://www.banque-france.fr/fileadmin/user_upload/banque_de_france/Economie_et_Statistiques/emc-08-2012.pdf

France24, 8.8.12: France heading back towards recession http://www.france24.com/en/20120808-banque-de-france-recession-financial-outlook-third-quarter

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