Zero growth in French economy

France’s economic growth sputtered to a halt in the spring as consumers slashed their spending and exports dried up, figures revealed today.

France’s economic growth sputtered to a halt in the spring as consumers slashed their spending and exports dried up, figures revealed today.

The INSEE statistics agency said the country’s economy posted zero growth in the second quarter, after growing almost 1% in the first.

The report follows two days of frantic efforts by French officials to soothe investors’ nerves after days of suggestions that the country could be the next major economy to lose its coveted triple-A credit rating.

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