Market Report, "Consumer Credit in France", Published
Gross consumer credit lending continued to grow in 2011, following the marked decline in 2009. France was significantly affected by recession, which stunted the demand for consumer credit in 2009. The improvement in the economic situation in 2010 and 2011 had a positive impact on the industry. The French economy returned to growth in 2010, weathering the recession earlier than had been anticipated. France's GDP increased by 1.5% in 2010 and 1.8% in 2011.