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GDP down 1.1 % in the fourth quarter of 2008

Latest update : 2009-03-27

New data from the French national statistics body INSEE shows that the country's GDP shrunk 1.1 % in the fourth quarter of 2008. It's slightly better than the 1.2% drop expected but France's growth was just 0.7 % for the whole year.

AFP - The French economy shrank a revised 1.1 percent in the fourth quarter of last year, slightly better than the initial estimate of a 1.2 percent contraction, official figures showed Friday.
  
The national statistics body INSEE said, however, that the fourth quarter revision did not change its full-year 2008 growth figure of 0.7 percent.

Date created : 2009-03-27

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