French Economy Just Dodges Recession as Growth Revised Down

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world France ’s economy unexpectedly failed to grow in the first half, only narrowly avoiding recession and undermining the government’s effort to get a grip on public finances. Output shrank 0.2% in the first quarter and stagnated in the three months through June, in part as heat waves crippled agricultural production Bloomberg Terminal , revised data released Friday by Insee showed. The statistics agency had previously estimated a 0.1% decline in January through March, followed by an expansion of 0.2%.

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