France set for 0.3-percent growth in 3rd quarter: Bank

9th August 2010, Comments 0 comments

The Bank of France forecast on Monday that the French economy would expand by 0.3 percent in the third quarter, following growth of 0.4 percent in the previous quarter.

The French statistics bureau INSEE is expected to publish on Friday its growth figures for the second quarter.

In June, INSEE said that gross domestic product (GDP) would expand by 0.5 percent in the second quarter, a boost for the economy which showed weak growth of 0.1 percent in the first quarter.

The rebound should continue "at a slow pace" with quarterly growth in the order of 0.4 percent in the second half of 2010, INSEE said.

© 2010 AFP

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