Categories: Europe

France Nears Recession

France Nears Recession (The Telegraph)

Markit’s purchasing managers’ index (PMI) estimate for December fell to 47 (below 50 signals contraction). This second successive monthly contraction raises fears of two successive quarters of Gross Domestic Product (GDP) decline, which is a recession. The Bank of France, however, is forecasting fourth quarter GDP growth of 0.5%, an upgrade from its previous estimate of 0.4%.

Adrienne Minor

Adrienne Minor is an editorial assistant for Eagle Financial Publications. She writes, edits and posts articles for the website, as well as edits and assists in the online distribution of Eagle’s investment newsletters, trading alerts, e-letters and other reports. Adrienne's special investing interests are in mobile technology and consumer spending.

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