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French Central Bank Admits the Obvious: France Back in Recession

For those who who view matters on a practical basis, France has been in recession the entire year. For those who need to see two quarters of negative growth first, France slides back in recession. France is headed back into recession for the second time in just over three years, the country's central bank warned on Wednesday. The Bank of France predicted a 0.1 percent contraction in gross domestic product (GDP) for the third quarter of this year, an outcome which, if confirmed, would follow

Read more: Mish's Global Economic Trend Analysis