France’s economic growth returned in the third quarter as low prices and borrowing costs heartened consumers to spend and entities to invest in Europe’s second biggest economy.
Gross domestic product grew 0.3% when the economy stalled, according to national statistics agency Insee. Consumer spending climbed 0.3%, while a two-year slide in household investment slowed. But overall investment was dull as the state cut back.
The French government has remained cautious and left its official GDP projection for the year at 1%, amid clues of an improvement last summer.
The material has been provided by InstaForex Company – www.instaforex.com