Unemployment in France is likely to increase further this year due to weak economic growth, the statistical office Insee said Tuesday.
Due to the low level of growth, the unemployment rate should continue to rise, reaching 10.3 percent in France in the fourth quarter, Insee said.
Meanwhile, a report from the labor ministry showed Tuesday that French unemployment rose 1.2 percent month-on-month to 2.922 million in May.
Insee said the French economy will remain stable in the second quarter. The GDP growth looks set to pick up slightly in the second half with the GDP rising 0.1 percent in the third quarter and 0.2 percent in the fourth quarter.
Overall domestic economic activity will remain sluggish in 2012, the statistical agency said. Exports are expected to accelerate somewhat under the effect of renewed world growth and the previousdepreciation of the euro. Domestic demand should also pick up moderately.
In Eurozone, Germany should keep growing while Spain and Italy remain in recession, the statistical office said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.