France economy avoids contraction

Note: This section contains information in English only.
Source: Bloomberg
France's GDP unexpectedly avoided the first quarterly decline in three years as both government and companies increased spending. GDP stagnated in the second quarter from the first, the Insee reported on Tuesday, while economists estimated a 0.1% contraction. Gross Fixed Capital Formation gained 0.6%. Public sector expenditure rose 0.5%. GDP climbed 0.3% on year.
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