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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: French GDP set to contract by 0.5 pct in last quarter: central bank AFP - Tuesday, November 18 PARIS (AFP) - - The French economy is likely to contract by 0.5 percent in the last quarter of the year, the Bank of France forecast in a first estimate on Monday, putting growth for the year at 0.9 percent. The bank took as a base the first estimates for the third quarter by the national statistics institute INSEE that showed the economy narrowly escaping recession with growth of 0.1 percent. The economy had contracted by 0.3 percent in the second quarter. A recession is defined by two quarters running of negative growth from the previous quarterly figure. The most-recent government estimate of growth for the whole of 2008 puts expansion of gross domestic product at 1.0 percent. The Bank of France also published its monthly index of industrial confidence which showed a further sharp fall in October to 77 from 86 in September. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo French traders monitor shares prices at the Bank of France in Paris in mid October. The French economy is likely to contract by 0.5 percent in the last quarter of the year, the Bank of France has forecast in a first estimate, putting growth for the year at 0.9 percent. Most Popular – Top Stories Viewed US space-funeral company plans to launch lunar cemetery Obama thinking big, despite crisis Prince Charles wants to speak out as king: biographer Earth would be heading to a freeze without CO2 emissions Democrats face White House opposition to new economic plan View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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