France Consumption Set For Period Of Lower Growth

The global economic crisis has had a profound impact on the French economy, with GDP contracting by 2.6% in 2009. This has negatively affected consumer confidence and therefore consumer spending. It has also exacerbated the trend towards private label products and discount retailing, and had a negative impact on consumption. Although economic growth has improved during 2010 we expect it to slow in 2011 due to fiscal cuts that are set to weigh on household

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