France Set to Avoid Year-End Recession
The Bank of France reported that the country is on track to avoid a recession in the final quarter of the year. Business executives expect economic activity to accelerate in November despite ongoing political and budgetary uncertainty.
France will avoid a recession in the final quarter of the year, with economic activity set to expand moderately following a contraction in the previous three months, the central bank said on Monday morning. The euro zone's second-biggest economy contracted 0.1% in the prior period. Avoiding back-to-back quarters of contraction keeps the country clear of a technical recession as the minority government battles to pass spending cuts.
