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French economy grows 1.2% in second quarter

The French economy expanded 1.2% in the second quarter and is on course to grow by 1.9% for the full year, official statistics showed today.

The second quarter figure was a final assessment by the national statistics institute INSEE, which in late August had estimated that  growth from April to June was 1.1%.

France's draft 2007 budget unveiled yesterday said the country was heading for economic growth of 2-2.5% next year, improved public finances and job creation.

The predictions came as campaigning gets under way seven months before presidential elections.