French econ­omy grows by 1.7% in sec­ond quar­ter

The Malta Business Weekly - - NEWS -

France’s econ­omy grew at 0.2% quar­ter on quar­ter in the sec­ond three months of the year, in line with ini­tial es­ti­mates.

The an­nu­alised growth rate was 1.7%, as ex­pected.

The French sta­tis­tics agency INSEE said: “Im­ports bounced back this quar­ter (+1.0% af­ter −0.4%) as did ex­ports to a lesser ex­tent (+0.2% af­ter −0.4%). All in all, for­eign trade bal­ance con­trib­uted neg­a­tively to GDP growth, −0.3 points, af­ter a neu­tral con­tri­bu­tion in Q1”

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