French economy to slow in second quarter

15th May 2006, Comments 0 comments

PARIS, May 15, 2006 (AFP) - The French central bank forecast on Monday that the French economy would grow by 0.6 percent in the second quarter, a slightly slower pace of expansion that the 0.7 percent expected in the first quarter.

PARIS, May 15, 2006 (AFP) - The French central bank forecast on Monday that the French economy would grow by 0.6 percent in the second quarter, a slightly slower pace of expansion that the 0.7 percent expected in the first quarter.

Giving its monthly economic report, the Bank of France also signalled that if the economy showed no further growth after the second quarter, by the end of the year gross domestic product would have grown by about 1.8 percent.

Separate data from the bank showed a slight fall in its business climate confidence index, which declined to 106 in April from 108 in March. The figure of 100 corresponds to the long-term average for this measure.

The French statistics office is to publish growth data for the first quarter on May 19. The estimate for second quarter growth was the first from the Bank of France.

French Economy and Finance Minister Thierry Breton expects growth in 2006 to measure 2-2.5 percent.

Copyright AFP

Subject: French news

0 Comments To This Article