French forecast more optimistic on growth, not jobs

France's national statistics agency said it expected growth of just 0.1 percent in the final quarter of 2014, but 0.3 percent expansion in the first two quarters of 2015France’s national statistics agency on Thursday forecast a slight lift in economic growth thanks to falling oil prices and a weaker euro, but warned it would not be enough to lower the nation’s stubbornly high unemployment. The INSEE agency said it expected growth of just 0.1 percent in the final quarter of 2014, but 0.3 percent expansion in the first two quarters of 2015. Hope for an even stronger recovery was offered in INSEE’s forecast for economic activity to increase by 1.0 percent between the summers of 2014 and 2015. Despite the improved prospects for growth in the eurozone’s second-largest economy, INSEE said the good news would not extend to the country’s persistently high jobless rate.

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