Zero growth for France in first quarter
AFP · 29 Jun 2012, 09:00
Published: 29 Jun 2012 09:00 GMT+02:00
On Tuesday, INSEE forecast that the French economy would grow only 0.4 percent in 2012, slightly less than the 0.5 percent previously forecast and budgeted by the government.
"France will suffer from a contraction in internal demand from its eurozone partners, which will hurt exports, and its efforts to consolidate its budget," INSEE's research director Eric Dubois had said.