Jul 24, 2009
| Last Updated
Executive Summary
- RGE forecasts an economic contraction of 3% for 2009 and a mild expansion of 0.5% for 2010;
- Unemployment in France is set to reach 11% by the end of 2010;
- RGE expects a government deficit of more than 7.5% and a government debt level of 90% for 2010.
Growth
RGE expects France to weather the downturn better than the eurozone on average and sees the country exiting the recession by the end of 2009. Compared to Germany, the French economy relies on a more balanced mix of domestic demand-driven growth, while retaining external competitiveness. While this is proving[...]
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