France in recession as Q1 GDP contracts 0.2 pct -INSEE

PARIS, June 26 Wed Jun 26, 2013 2:53am EDT

PARIS, June 26 (Reuters) - France's economy contracted 0.2 percent in the first three months of the year, a quarter marked by weak business investment and exports, the official INSEE statistics agency said on Wednesday, confirming an earlier estimate.

The reading confirmed that the euro zone's second-largest economy entered recession at the start of the year after a 0.2 percent contraction in the fourth quarter of 2012.

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