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The French economy exceeded expectations in the first quarter, with a slight growth thanks to an increase in domestic consumption and investment. This positive trend sets the stage for the broader eurozone to begin recovering from its recent stagnation. Economists had forecasted a growth of 0.1 percent, but the actual 0.2 percent growth in French GDP surpassed these predictions.
According to experts, the eurozone as a whole is expected to experience a modest growth this year as inflation rates decrease and wages start to rise. This is anticipated to lead to an increase in household spending power which will further drive economic expansion. On Tuesday, GDP data for the eurozone is scheduled to be released, with experts anticipating a 0.2 percent growth in the first quarter. This developing story is closely monitored by economists and investors alike.
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