Alexa
  • Directory of Taiwan

France's Lagarde sees possible uptick in recovery

France's Lagarde sees possible uptick in recovery

France's economy may have ended 2009 with a slight acceleration in the pace of its recovery, the country's finance minister said Thursday.
Speaking on French radio, Christine Lagarde said fourth quarter economic growth would be in line "or slightly better" than the 0.3 percent growth France recorded in the third quarter.
"France is in a mild recovery, because we had 0.3 percent growth in the second quarter and 0.3 percent in the third quarter," Lagarde said. "I think that the fourth quarter will be about the same, or slightly better," she said.
Lagarde also noted that France's economic decline in 2009 was only half as severe as some of its European neighbors, "so that means we are doing twice as well," she said.
Earlier this month France's national statistics agency forecast "a difficult turnaround" for the French economy in 2010, with growth of 0.3 to 0.4 percent in the first half of next year.


Updated : 2021-04-20 19:23 GMT+08:00