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France reports 'disappointing' zero growth

Consumer spending in France stagnated in the second quarter, having driven growth with a 1.2-percent increase in the three previous monthsFrench growth stagnated in the second quarter of the year, statistics bureau Insee reported Friday, a “disappointing” result that dashed hopes of a small economic expansion. France’s gross domestic product (GDP) showed no change in the three months to June, according to a first estimate, after rising a revised 0.7 percent in the first quarter. The finance ministry called the flat figure “disappointing”, given that Insee had predicted 0.3 percent growth and the Bank of France 0.2 percent.

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