Bloomberg News

Noyer Says French Economy Slowing, Sees No Recession on Horizon

October 24, 2011

Oct. 24 (Bloomberg) -- Bank of France Governor Christian Noyer said France’s economy is slowing, though he doesn’t expect an outright recession.

“We’re in a atmosphere of a slowing economy,” Noyer said today on BFM radio. A recession “isn’t the scenario of any institution,” he said.

He said French household savings are “significant” and will allow consumers to keep spending.

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net


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