(Bloomberg) -- France’s economic growth was stronger than anticipated in the second quarter, a sign of resilience before the political turmoil triggered by...
-- France’s economic growth was stronger than anticipated in the second quarter, a sign of resilience before the political turmoil triggered by President Emmanuel Macron ’s snap election.Gross domestic product rose 0.3% in the three months through June, sustaining the same pace as the first quarter, which was revised higher, statistics agency Insee said. Economists surveyed by Bloomberg had forecast expansion of 0.2%.
Since May, economic releases for the euro area have primarily come in worse than expected, according to the Bloomberg Economics Surprise Index. Officials may also take a close interest in inflation numbers out this week. Data from Spain and Germany will be published on Tuesday, before reports from the rest of the euro zone on Wednesday.
That clouded outlook is set to persist as no single party emerged from the elections with enough seats for a workable majority in parliament. The French economy should get a brief boost over the summer from the Olympics. Earlier this month, Insee forecast growth to accelerate to 0.5% in the third quarter, although it expects that gain will then be partially offset by a small contraction in the final months of the year.Sicilians deal so well with drought that tourists don’t notice. A record dry year could alter that
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