5 November 2001, 09:11 French Q4 growth forecast cut to 0.1 pct from 0.2; Q1 2002 0.2 pct - CDC
PARIS (AFX) - The Caisse des Depots et Consignations (CDC) said it
lowered its forecast for growth in the French economy over the fourth
quarter to 0.1 pct from 0.2, and said it expects 0.2 pct growth in the
first quarter of 2002.
It said "there will not be a recession" in France.
It raised its forecast for the third quarter to 0.3 pct from 0.2.
CDC said the figures show that growth, although weak, will not be
negative over the next six months and that there is a "high probability
France will escape recession (two negative quarters in succession)".
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