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Le Big Debate: France Triple-Dip or Not?

Photo by cuellar | Flickr | Getty Images

France slipped into recession in the first quarter of 2013, official data showed on Wednesday, but there was confusion over whether it was the country's second or third recession in the last five years.

The Financial Times, The Guardian and Bloomberg all called it a "triple-dip", but Reuters didn't. We called it a triple dip on twitter, but if you look at the chart below, we stand corrected. France is actually in a double-dip recession.


Technically a recession is when gross domestic product (GDP) contracts for two consecutive quarters. France fell into recession after the 2008 global financial crisis. Then in early 2012 the country experienced two quarters of zero growth. This, and the fact that the flash estimates for the first and second quarter of 2012 were -0.1 percent before being adjusted up to zero percent, might have confused everyone.

(Read More: France Slips Into Recession, Germany Disappoints)

In the latest dip, France experienced negative growth in the fourth quarter of 2012 and the first quarter of 2013.

Let us know what you think, this is what people are saying on Twitter.

By CNBC.com's Matt Clinch; Follow him on Twitter @mattclinch81

Contact Europe: Economy

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