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The French economy grew slightly faster than expected in the first quarter due to a rebound in domestic consumption and investment, setting the stage for the wider eurozone to tentatively emerge from its recent stagnation.
The 0.2 per cent growth in French gross domestic product in the first three months of this year was above the forecasts of economists polled by Reuters, who had expected the 0.1 per cent reported in the final quarter of last year.
Economists predict eurozone growth will pick up modestly this year as inflation slows and wages rise, boosting household spending power. GDP data to be released later on Tuesday is expected to show the bloc’s economy expanded 0.2 per cent in the first quarter.
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