Breaking News

Dollar Tree Agrees to Buy Family Dollar for $74.50 a Share
Tweet TWEET

France to Avoid Recession on Consumer Demand, Insee Predicts

France will avoid a recession in the first half of 2012 as exports and consumer spending hold up, national statistics office Insee said.

Gross domestic product will show no growth in the first quarter before expanding 0.2 percent in the following three months, Insee said in a report today. Domestic demand, including households and government spending, will expand 0.1 percent and 0.2 percent in the quarters, while foreign trade will neither boost nor detract from growth, it said.

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.