Central Banks
Bank of France Sees Economy Dodging Recession Due to Services
- GDP seen up 0.1% in fourth quarter, previously saw 0.1%-0.2%
- French industry reports that order books continue to decline
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France’s economy will avoid a recession thanks to the services sector, according to a central bank survey.
Gross domestic product will expand 0.1% in the fourth quarter, after a 0.1% contraction in the previous three months, the Bank of France said on Monday. This is slightly less optimistic than a 0.1% to 0.2% range it gave on Nov. 8.