France's economy contracted in the third quarter on weak global demand and inflation slowed to the lowest since early 2022 as economic activity remained subdued adding to hopes that the European Central Bank would start policy easing earlier than markets currently anticipate.
Gross domestic product fell by a revised 0.1 percent on a quarterly basis, after expanding 0.6 percent in the preceding period, revised data from the statistical office INSEE reported.
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Business News
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.