French economy records zero growth in first quarter
The French economy was flat in the first quarter as trade declines offset inventory gains. The result missed analyst forecasts of 0.2 percent growth.
Xurve View
Xurve View
France GDP was flat in the first quarter, missing growth forecasts as trade declines offset inventory gains. The 0.0% reading follows 0.2% growth in the previous quarter and missed the 0.2% expansion expected by analysts. Stagnation in the Eurozone's second-largest economy signals a sharper-than-expected cooling that may pressure regional growth targets.
The INSEE statistics institute reported the preliminary data on Thursday morning. The performance fell short of the 0.2% growth projected in a Reuters poll of economists.
