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French economy shrinks
The French economy was shrinking in the last three months of 2002, new figures show. Previous estimates of slight growth have proved over-optimistic, with the latest statistics showing the economy contracted by 0.1% during the three month period. The bad news about the state of the French economy, the second largest in the eurozone, coincides with equally gloomy data about business morale. French business sentiment slumped for the second consecutive month in April as the Iraq war hit confidence, according to official figures. FRENCH ECONOMIC GROWTHBusinesses have also been unsettled by publicity campaigns urging US consumers to boycott French products, including high-profile exports like wine and cheese. Posted by: George 2003-04-29 |
| http://www.rantburg.com/poparticle.php?ID=13618 |