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Friday, June 8, 2012

''Bank of France cuts second-quarter growth forceast to -0.1pc''

From The Telegraph

''The French central bank had previously expected growth to be essentially unchanged in the three months from April through June. If the figures are confirmed it would be the first contraction since France pulled out of recession in 2009.

The French growth outlook will be a blow to new French President Francois Hollande as he continues to battle German Chancellor Angela Merkel over how to resolve the European debt crisis.''

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