French Economy Slips Into Recession, Adding Pressure on Hollande

Bloomberg – The French economy fell into its third recession in four years, increasing pressure on President Francois Hollande to adopt policies to revive growth. Gross domestic product shrank 0.2 percent in the three months through March, following a revised 0.2 percent contraction in the previous quarter, national statistics office Insee said today. Economists expected a 0.1 percent drop, according to the median of 25 forecasts gathered by Bloomberg News. Read Article

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