Bank of France cuts growth forecast

The Bank of France has cut its forecast for the French economy.

It now expects the economy to contract by 0.1% between April and June this year having previously predicted that it would be flat.

There was zero growth in the French economy in the first three months of the year, following growth of just 0.1% in the previous quarter.

On Thursday, official figures showed that French unemployment had hit 10% in the first quarter of 2012.

Source & Image : BBC