French economy to grow just 0.4% in 2014


PARIS: The French economy is headed for growth of only 0.4% this year, according to official data published late on Thursday, in line with estimates given in a grim budget statement by the finance minister a day earlier.

"The French economy should barely grow in third and fourth quarters (+0.1%), bringing growth over the year as a whole to 0.4% in 2014," as in the previous two years, the national statistics office INSEE said in its latest report.

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