Bank of France Raises GDP-Growth Estimate Even as Strikes Weigh
- French GDP expanded 0.2% in first quarter, central bank says
- Disruption from pension walkouts hit some sectors in March
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The Bank of France raised its estimate for first-quarter economic expansion as stronger-than-expected activity early in the year more than offset the drag in March from strikes and pension protests.
Based on its monthly survey of 8,500 companies and other data sources, the central bank said it now expects growth of 0.2% in the first three months, instead of the 0.1% it saw before.