French economy speeds up in first quarter
Growth of the French economy speeded up to 0.5% in the first quarter from 0.3% in the last quarter of last year, according to the latest official data. But the data, published by the official statistics institute INSEE, fell short of expectations by the Bank of France and economists. The central bank had signalled a growth figure of 0.7% for the first quarter, and economists 0.6%.
Meanwhile, French Economy and Finance Minister Thierry Breto said that France's economy will grow by 2-2.5% this year. He told a press conference today that growth was settling at an annual trend rate of 2-2.5%.
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