France returns to growth with 0.3% expansion in Q3

An employee makes insulin pens at the Eli Lilly factory in Fegersheim, eastern France, on October 12, 2015France’s economy returned to growth in the third quarter of this year, expanding by 0.3 percent, after having earlier stalled, the national statistics agency said Friday. The initial estimate of 0.3 percent quarter-on-quarter growth in gross domestic product in July to September followed no expansion in the second quarter, which had raised concerns about the nation’s weak economic recovery. Finance Minister Michel Sapin told AFP that the latest figures by INSEE mean that France’s economy will grow “by at least 1.1 percent” for 2015 as a whole, adding he believed the country had “exited the period of extremely weak growth that had lasted too long”.

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