The French economy grew less than expected in the second quarter compared to the previous quarter, according to final figures released Friday by INSEE. According to the institute, France’s gross domestic product (GDP) grew by an average of 0.2% during the April-June period (compared with a preliminary estimate of 0.3%), and then by +0.3% (unrevised) in the first quarter of 2023.
Gross fixed capital formation (GFCF), INSEE said in a statement, “was revised downwards with the integration of billing figures in services for the month of June, while household consumption was revised slightly upwards. Imports were revised upwards and exports downwards.
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Source: BFM TV
