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France Nears Recession

France Nears Recession (The Telegraph)

Markit’s purchasing managers’ index (PMI) estimate for December fell to 47 (below 50 signals contraction). This second successive monthly contraction raises fears of two successive quarters of Gross Domestic Product (GDP) decline, which is a recession. The Bank of France, however, is forecasting fourth quarter GDP growth of 0.5%, an upgrade from its previous estimate of 0.4%.

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France Nears Recession

Markitâ??s French PMI estimate for December fell to 47 (below 50 signals contraction).

France Nears Recession (The Telegraph)

Markitâ??s purchasing managersâ?? index (PMI) estimate for December fell to 47 (below 50 signals contraction). This second successive monthly contraction raises fears of two successive quarters of Gross Domestic Product (GDP) decline, which is a recession. The Bank of France, however, is forecasting fourth quarter GDP growth of 0.5%, an upgrade from its previous estimate of 0.4%.

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