ABCNews: France stands strong against economic crisis
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France stands strong against economic crisis
The French economy has confounded expectations by not following Germany into recession. The French Economy Minister, Christine Lagarde, says the economy grew by 0.4 per cent in the third quarter of the year. Everyone, including the official statistics office had been predicting that economic activity in France would shrink in the third quarter, as it did in the second quarter, thus ushering in a technical recession. Instead France's economy grew, only by a tiny 0.14 per cent, but that was enough.
