Mar 18, 2011
| Last Updated
- The increased contribution of private consumption and investment to growth in 2011 will drive France’s economic recovery.
- While the external sector’s contribution to growth may turn negative in 2011, French exports will continue to benefit from buoyant German demand.
- In light of overly ambitious growth forecasts, the government should make more effort to consolidate public finances.
Macroeconomic Dynamics: Cautious Optimism As Recovery Gains Breadth
Following a sharp contraction of 2.5% in 2009, the French economy witnessed a solid, if unspectacular, 1.5% expansion in 2010.[...]
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