Bank of France sees Q1 consumer spending rebound

FRANCE - French consumer spending, seen as the nation's best buffer against the impact of international economic slowdown, is believed to have rebounded in the first quarter of 2001, the Bank of France said on Apr 23.

In its April bulletin, the central bank called for continued wage moderation, arguing that a combination of low labour costs and general price stability would sustain purchasing power and in turn ensure healthy expenditure by households.

"Strong internal demand, especially from ho

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