France's central bank sees 0.3% growth in second quarter

French Economy and Industry minister Emmanuel Macron (R) looks at a new automatic transmission during a visit at the Punch Powerglide factory of in Strasbourg, eastern France on April 27, 2015France is poised for economic growth of 0.3 percent in the second quarter of the year, the country’s central bank forecast Tuesday, as solid industrial production boosts the eurozone’s second-biggest economy. In its first forecast for the second three months of the year, the Banque de France said the “rise in production should continue in May” after solid gains in April. The French economy expanded at a sluggish rate of 0.4 percent last year as President Francois Hollande battled a stubbornly high unemployment rate. Most economists believe that an annual growth rate of at least 1.5 percent is required to drive down unemployment.

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