After a 0.2% decline in the first quarter, France returned to growth from April to June, recording a more dynamic rebound than expected in its GDP which rose by 0.5%, according to data published on Friday. by INSEE.
The good performance of the French economy in the second quarter can be explained both by a clearly positive contribution of foreign trade to growth and a less marked drop in household consumption than in the first quarter. In their latest forecasts, the National Institute of Statistics and the Banque de France respectively forecast growth of 0.25% and 0.2% in the second quarter.