France Avoids Downturn In January
If Fance slips into recession, it would threaten efforts to raise hundreds of billions of euros to bailout the eurozone’s weak nations. Political leaders, particularly President Sarkozy, who is up for reelection, might shy from asking voters for aid when…
If Fance slips into recession, it would threaten efforts to raise hundreds of billions of euros to bailout the eurozone’s weak nations. Political leaders, particularly President Sarkozy, who is up for reelection, might shy from asking voters for aid when their own economy is teetering.
For now, France shows some strength
Markit, the region’s research firm reports that
Private sector business activity in France increased for the first time in four months during January. The Markit Flash France Composite Output Index, based on around 85% of normal monthly survey replies, recorded 50.9, up from 50.0 in December. Although indicative of only marginal growth, it was nevertheless the highest reading since August 2011.
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