Rebound in exports helps France exit recession with 0.5% Q2 growth
PARIS (AP) - The French economy is officially out of recession, according to data released on Wednesday that showed gross domestic product had its strongest quarterly growth in two years.
The national statistics agency, Insee, said that France's gross domestic product rose 0.5 per cent in the second quarter, largely on a rebound in exports, domestic household demand and public spending.
The figure was well above the consensus forecast of 0.1 per cent and even the more optimistic Banque de France prediction of 0.2 per cent growth.
But the positive figure wasn't a total surprise.