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Bank of France forecasts third-quarter French economic growth at 0.3%

Bank of France forecasts third-quarter French economic growth at 0.3%
FILE PHOTO: People walk on the esplanade of La Defense in the financial and business district of La Defense, west of Paris, France March 26, 2018. REUTERS/Gonzalo Fuentes/File Photo -
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GONZALO FUENTES(Reuters)
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PARIS (Reuters) – The French economy is expected to grow 0.3% in the third quarter, the country’s central bank said on Thursday, a slight pick-up for the euro zone’s second-biggest economy.

Last month, official data showed a slowdown in French economic growth, with the country’s economy expanded 0.2% in the second quarter, down from 0.3% in the first quarter.

The Bank of France also added in its monthly survey on Thursday that business sentiment for the manufacturing industry and services sectors was unchanged in July compared to June.

(Reporting by Sudip Kar-Gupta; Editing by Raissa Kasolowsky)

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