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France

Author

Listed:
  • Eugen Andreescu

Abstract

French economy, with the second largest GDP in the euro area, stagnated in 2012 after a modest growth in 2011, mainly reflecting the stagnation of investment - "engine" of economic growth - and the weak demand, amid recession installed within the monetary union and in the whole European Union. France's economy entered into recession in the first quarter of 2013, (GDP rate was -0.2%) and, according to forecasts published by the European Commission (“European Economic Forecast - Spring 2013†) the downtrend is expected to continue in the next quarters, with a slight decrease of the GDP rate (-0,1%) for the year as a whole. In 2014, the economy will return to a positive trend, albeit at a very modest pace of around 1%, since the economic activity is expected to pick up slightly on the back of increased exports.

Suggested Citation

  • Eugen Andreescu, 2013. "France," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2013:id:2822000009562111
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