A post by @DeItaone on X.
FRANCE SET TO AVOID RECESSION AS BUSINESS ACTIVITY RECOVERS
@DeItaone on X
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France is set to avoid a technical recession after the Bank of France projected a return to moderate growth in the fourth quarter, following a 0.1% contraction in the third quarter for the eurozone's second-largest economy. The central bank's outlook is based on a survey of 8,500 companies, which pointed to recovering business activity across the country. The expected stabilization matters for eurozone growth prospects and for European Central Bank policy deliberations, as France is a key driver of the bloc's output. Watch next for confirmation of the Q4 rebound in upcoming activity indicators and whether the recovery holds into 2025.
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Named in this story
France, Bank of France