France’s economy grew significantly faster than estimated in the second quarter, providing a positive surprise as recession fears swirl in the 20-nation euro area.
Boosted by a surge in exports, gross domestic product in the currency bloc’s second-largest member rose 0.5% between April and June, having increased by 0.1% in the first three months of the year, the Insee statistics agency said Friday. Economists surveyed by Bloomberg had estimated expansion of 0.1%.
