French GDP stagnates in January-March quarter

Source: Bloomberg
© Scanpix/Reuters
Economic expansion in the Fifth Republic turned to be neutral in the first quarter of the current year, while economists expected the GDP to add 0.1%-0.4%, depending on different surveys. Consumer spending dropped 0.5% amid budget cuts and tax rises, as invesment slipped 0.9%. At the same time, the government of France keeps the target of economic growth for 2014 at the 1% level.
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