India, Oct. 30 -- The French economy contracted unexpectedly in the third quarter on weak investment and exports, amid high borrowing costs and social unrest clouding the outlook.
Gross domestic product fell 0.1 percent sequentially after stagnating in the second quarter, preliminary data from the statistical office INSEE revealed Friday. Economists had forecast the economy to expand 0.1 percent.
The expenditure-side of GDP showed that foreign trade and the fall in gross fixed capital formation contributed to the contraction in the third quarter.
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