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FRANCE ENTERED A recession in the first quarter this year with gross domestic product contracting 0.2 per cent, after shrinking the same amount in the last quarter of 2012, the official INSEE statistics office said Wednesday.
A recession corresponds to a drop in growth over two quarters.
The French finance ministry said that it still expected a tiny expansion of 0.1 per cent for 2013 however.
INSEE also revised lower the fall in purchasing power for French households in 2012 to 0.9 per cent instead of a 0.4 per cent fall forecast in March.
French growth has been sluggish, hit by record unemployment and falling household demand, the key driver of the economy.
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Well maybe the reporter just couldn’t keep a straight face
@Jake Kelly: lol!
More important he has burned down millions acres of the Amazon over 100% increase on last year and this will impact our climate the world over and still EU imports beef from Brazil.
@GO GREEN: yep – which is curious, considering that Beef could be supplied by the Irish Market, 1. Reducing the EU’s carbon footprint, 2. Supporting a fellow EU Nation’s Economy, 3. Securing fiscal security for Irish Beef Farmers, & finally, 4. Not compromising on quality of food for a marginally cheaper product, to the detriment of EU Jobs (Irish Beef Farmers).
Can you think of more reasons to support EU Industries? Write them below!
If you’re unhappy with beef imports into the EU from Brasil, you know what to do! Raise your concerns with your MEP.
Here, you’ll find the link to the contact details for your constituency’s MEP – put them to work!
Disgusting behaviour from a head of state. Politics really is the gutter these days.
@Ebeneezer Goode: reflection of harder times to come with protectionist nationalist parties getting into power everywhere.
@Monty Donotno: “getting into power everywhere” Monty, that has to be a contender for the sweeping statement of the year prize!
@Dom Layzell: Dom, doesn’t it bother you that this sort of behaviour from politicians has been linked with a rise in hate crimes? It feeds it, it encourages it, it gives it oxygen.
How would he know?
LGBT+ people deserve to live happy lives free from prejudice. For that to happen, we must all step up to help bring #homophobia, #biphobia and #transphobia to an end.
If you see it, #call #It #Out
@UCC Social Democrats Society: respect for all phobias
@UCC Social Democrats Society: #Arachnophobia, when you see a spider #Call #It #Out
@NPC4452347: are human rights a joke to you x
@UCC Social Democrats Society: Hay everyone gets stick, if your fat or skinny, tall or small, blond or red haired, you get stick and all normally from the exact same people? But there are some who are emotionally immature sociopaths who confuse pure psych hatred with banter but I think PC correctness might be fuelling the right wing in society due in part to snowflakes being over sensitive. But all the nuts are copying Trump as that might make them re-electable, not due to the crazy stuff they say but by being able to make headlines all the time? Hay Capt Chainsaw said to a woman reporter who was gay that he could cure her of it, it doesn’t mean he believes what he says but he knows that those who shout enough end up getting what they want and that is popularity???
@UCC Social Democrats Society: the worst are the biphobes! They’re disgracefully cis-normative. Hope they rot in their unsafe spaces.
Projection, much?
That was a very odd and irrelevant response.
Where did Captain Chainsaw keep it? lol.
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