Financial Times FT.com

France defies recession expectations

By Ben Hall in Paris

Published: November 14 2008 10:00 | Last updated: November 14 2008 10:00

The French economy grew by 0.1 per cent quarter-on-quarter from July to September defying expectations that it would immediately follow Germany into a technical recession.

The slight positive growth – fuelled by resilient exports and an upturn in domestic consumption on the back of falling fuel prices– means that France will escape, for now, two consecutive quarters of contraction following a 0.2 per cent shrinkage in the second two months of the year.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this