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French Q2 GDP shrinks unexpectedly, sharp drop in imports

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Staff Writer | September 23, 2016
France's economy unexpectedly shrank in the second quarter of 2016 as weak domestic demand offset the impact on GDP from a sharp drop in the country's imports.
France   Revised figures from INSEE:
Revised figures from INSEE revealed that gross domestic product fell by 0.1% quarter-on-quarter over the three months to June (consensus: 0.0%), albeit after surging by 0.7% in the previous three months.

In comparison to a year ago, GDP slowed a fraction, from the 1.4% pace observed in the first three months of 2016 to 1.3%.