France may slip into recession, central bank warns
PARIS — France’s central bank is expecting the country to slip into recession during the third quarter.
The Banque de France said Wednesday that its preliminary figures show that gross domestic product will be down 0.1 percent in the third quarter, which ends Sept. 30. The bank had already predicted that GDP would fall the same amount in the second quarter.
A recession is said to occur after two straight quarters of falling output.
Many countries in Europe are already in recession in the wake of the continent’s debt crisis.
The Banque de France numbers are estimates; the government will publish its own preliminary GDP figures for the second quarter on Tuesday.
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