Seeking Alpha

France slid into recession during Q1 as the French economy contracts 0.2% Q/Q after shrinking by...

France slid into recession during Q1 as the French economy contracts 0.2% Q/Q after shrinking by the same amount in Q4. With unemployment at record levels and President François Hollande's popularity at all-time lows, the country faces an uphill battle to right the ship as it struggles to bring its deficit in line with the EU-mandated 3%, while simultaneously restoring growth. Economists see the French economy contracting by 0.2% for the full year and a survey of French citizens shows just 11% believe Hollande can bring down the jobless rate by year's end. The CAC 40 (EWQ) is little changed.
Comments (2)
  • Teutonic Knight
    , contributor
    Comments (2000) | Send Message
     
    The specter of socialism is awesome; very awesome indeed!
    15 May 2013, 08:34 AM Reply Like
  • InvestoBullSG
    , contributor
    Comments (176) | Send Message
     
    Not a big deal when the Central bankers and other big players continue to long the financial markets.
    15 May 2013, 09:03 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|