IMF says France has less severe recession but tepid recovery in prospect
Aug 5th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The French economy is being affected by the global financial crisis and the contraction of world trade. In its latest assessment, the IMF projects real GDP to drop by 3 percent in 2009, followed by a gradual recovery starting only in 2010. But even though the recession in France is severe, the country has been shielded from the worst effects of the crisis.