Economics

French Economy Stalled in Second Quarter as Spending Slid

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France’s economy unexpectedly stalled in the second quarter as consumer spending plunged just as investors spooked by Europe’s debt crisis turn their attention to the euro region’s second-largest economy.

Gross domestic product was unchanged from the first quarter, when it rose 0.9 percent, the most in four years, Paris-based statistics office Insee said today. Economists forecast a 0.3 percent gain, the median of 15 estimates in a Bloomberg News survey showed.