Tuesday, August 22, 2006

In a Lemon Economy

Learn to like lemonade:

France's economic growth in the second quarter of 2006 was its best in 20 years, its finance minister has said.

Thierry Breton described the 1.1% expansion of the economy between April and June as "exceptional".

France's gross domestic product (GDP) is now set to grow by 1.9% for 2006 as a whole, official figures suggest.

And then, when the sun shines, take the month of August off to make for the beach?

"Obviously, France will not sustain this kind of growth rate. But what we're seeing is an upshift in the underlying trend of growth and we don't see yet any signs of a deceleration, at least near term."

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