After a fall of 0.2% in the first quarter, France returned to growth from April to June, registering a more dynamic than expected rebound in its GDP, which increased by 0.5%, according to data published on Friday by the INSEE.
The good performance of the French economy in the second quarter is explained both by a clearly positive contribution of foreign trade to growth and by a less pronounced drop in household consumption than in the first quarter. In their latest forecasts, the National Institute of Statistics and the Banque de France forecast growth of 0.25% and 0.2% respectively in the second quarter.
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Source: BFM TV
