Too early to claim French economic recovery is a reality

French Finance Minister Pierre Moscovici welcomed the figures (photo:dpa)
French Finance Minister Pierre Moscovici welcomed the figures (photo:dpa)

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>

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