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France heading back to recession, says central bank
France is headed back into recession for the second time in three years, its central bank has warned in a fresh blow to the recovery prospects of the stricken eurozone. In a gloomy survey of the outlook for Europe's second biggest economy, the Bank of France predicted a 0.1 percent contraction in gross domestic product (GDP) for the third quarter of this year. If that outcome is confirmed it would follow a similar fall in output for the three months to June and zero growth in the first quarter of 2012. The survey was released alongside official figures from Germany imports and exports in the eurozone's biggest ... (full story)
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