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  • EU: French economy stalls as Francois Hollande is sworn in

    05/15/2012 12:39:45 AM PDT · by bruinbirdman · 4 replies
    The Telegraph ^ | 5/15/2012 | Andrew Trotman
    The French economy did not grow at all in first three months of 2012 and the previous quarter's growth was cut, in a blow to new president Francois Hollande. Official figures released on Tuesday showed that French GDP growth was 0pc in the three months through March . Growth in the last quarter of 2011 was revised to 0.1pc from 0.2pc. Official statistics agency INSEE said the economy grew by 1.7pc overall in 2011. Inflation rose 0.1pc on a monthly basis after a jump of 0.8pc in March. Year-on-year inflation dipped to 2.1pc, back to the level seen in mid-2011....