French economy flirts with recession as GDP unexpectedly falls in third quarter
Le Monde in English's headline. Reported by Le Monde in English.
What Le Monde in English reported
France's gross domestic product declined by 0.1% in the third quarter, after stagnating in the second quarter and falling by 0.2% in the first. Economy Minister Roland Lescure warned of a 'crash' if fiscal consolidation measures are not included in the next budget.
The publisher's own words, quoted for review. Every outlet carrying the story is listed below with its link.
French economy flirts with recession as GDP unexpectedly falls in third quarter. France's gross domestic product declined by 0.1% in the third quarter, after stagnating in the second quarter and falling by 0.2% in the first. Economy Minister Roland Lescure warned of a 'crash' if fiscal consolidation measures are not included in the next budget. Covered by 1 publications. Le Monde in English: French economy flirts with recession as GDP unexpectedly falls in third quarter.
Who is covering it
- Le Monde in English France French economy flirts with recession as GDP unexpectedly falls in third quarter France's gross domestic product declined by 0.1% in the third quarter, after stagnating in the second quarter and falling by 0.2% in the first. Economy Minister Roland Lescure warned of a 'crash' if fiscal consolidation measures are not included in the next budget. 6 h ago · Tier 2
Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.
More from Business
Fed’s Musalem Says More Rate Hikes Needed Soon to Tame Inflation
According to Bloomberg Markets, Federal Reserve Bank of St. Louis President Alberto Musalem said additional interest-rate increases are needed to bring inflation down to the central bank's target. The report is based on a single source, and no other outlets were supplied for comparison. The excerpt does not give further details on timing or the size of any increase. Because the item is not marked as developing, no further lists of unknowns or next steps are included. Summary from 1 source
Summary from 1 source Bloomberg Markets
Fed holds fire on interest rates despite intensifying inflation
According to the South China Morning Post, the US Federal Reserve on Wednesday held interest rates steady at a target range of 3.75 to 4.00 per cent, in line with market expectations, days before midterm elections where inflation has been a key issue. The Financial Times reported the Fed will vote on monetary policy seven times next year, down from eight. The New York Times reported that Chairman Kevin M. Warsh cited an information-rich period before the December meeting. CNBC reported two of the 12 voters dissented, both wanting a quarter-point rate rise. The vote was 10-2, according to the South China Morning Post. CBS News and IOL also reported the hold. TVC News reported analysts expected the hold, with markets pricing in at least one rate hike before year-end. Summary from 8 sources
Sources differ: TVC News described the hold as expected by analysts ahead of next week's meeting, while the South China Morning Post reported it as already decided on Wednesday.
Summary from 8 sources Financial Times first also South China Morning Post, The New York Times, TVC News, CBS News and 2 more
Europe’s central bank chief Christine Lagarde to step down nine months early
According to the Korea Times, ECB President Christine Lagarde will resign on February 7, nine months ahead of the end of her eight-year term, the ECB said Thursday. Al Jazeera English and Punch also reported the February departure, and The Guardian said she is stepping down to speak her mind about world affairs. The New York Times reported that the plan sets in motion a selection process among European leaders for a new central bank president. DW News reported that European Council President Antonio Costa said the process to find a successor is underway. The story is developing. Summary from 9 sources
Sources differ: Punch gives the departure date as February 7, 2027, while other outlets say only February.
Summary from 9 sources The Guardian Business first also Al Jazeera English, The New York Times, DW News, CNBC World and 2 more