Economics

French Economy Hit by Euro-Area Slowdown as Insee Cuts Outlook

  • Forecasters see growth of 1.3% in 2019 after 1.7% in 2018
  • Macron’s tax cuts fueled consumer spending less than expected
Pedestrians pass a cafe as French national flag banners hang along the Champs Elysee in Paris.Photographer: Christophe Morin/Bloomberg
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France’s economy is having a weaker first half of the year than anticipated amid trade headwinds and the broadening slowdown in the euro area, according statistics agency Insee.