French GDP flat in Q2, govt says growth 'broken'

By AAP

Mr Sapin said that "growth has broken down, in Europe and in France". "With zero growth in the second quarter, thereby extending the stagnation we saw in the first, our country is slowing down and will not achieve the one-per cent growth observers were predicting three months ago," Sapin wrote in an opinion article in the daily Le Monde. "This year, growth in France will be around 0. 5 per cent, and there is nothing that would allow us to forecast, at the moment, that growth in 2015 will be much above 1. 0 per cent," he added.

Read more here: Business Spectator

    

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