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Insolvency
- Corporate insolvencies will decrease by 5% year-on-year in 2011, to 49,000 cases. The median Expected Default Frequency (EDF) for French listed companies is now lower than in August 2008, i.e. before the credit crisis started.
The economy
- The French economy will grow by a modest 1.6% year-on-year in 2011, as domestic consumption growth will be subdued and external demand will decrease.
- The overall business climate improved further in April 2011, with turnover and orders in manufacturing and production continuing to grow in early 2011.
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Real GDP growth (%)
Source: INSEE
Insolvency trend France
Source: INSEE
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General Information
Capital - Paris
Currency - Euro (EUR)
Population - 64.7 million
Main import sources (2009)
- Germany - 18.3%
- Belgium - 8.4%
- Italy - 8.1%
- China - 7.7%
- Spain - 7.6%
Main export markets (2009)
- Germany - 16.0%
- Italy - 8.2%
- Spain - 7.8%
- Belgium - 7.4%
- UK - 7.1%
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Date May 2011
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