Figures show that France and the eurozone are technically out of recession. But analysis reveals that growth in France is very fragile and the government is required to carry out reforms if the economy is to recover fully. Delaying or abandoning a reform programme could lead to further deterioration in both French finances and the economy.

<i>France is out of the recession with a growth of 0.5 per cent for the second quarter of 2013. But this is no reason to rejoice given what this ‘growth’ actually shows. And these figures are certainly no excuse to abandon the pressing need for introducing major economic reforming policies.</i>

STATISTICS showing...

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Dr. Emmanuel Martin
Companies reduced investments again - minus 0.5 per cent in the second quarter, after minus one per cent in the first. Growth figures can contribute to a general sense of entrepreneurial optimism, but investment usually comes with real, larger order books
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