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France outpaces Germany and UK in Q1 GDP growth


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"The limits of my language are the limits of my world." ——Ludwig Wittgenstein

France's economy overtakes Germany and UK

France's economic growth, long the laggard of Europe's big economies, overtook both Germany and the U.K. in the first quarter, data published on Wednesday showed.

French gross domestic product (GDP) grew 0.6 percent from the previous quarter, its fastest rate in two years and above analyst expectations for a 0.4 percent increase, on the back of a weak euro and cheaper oil prices.

That compared with data from Germany, also published on Wednesday, showing Europe's biggest economy rose 0.3 percent in the first quarter from the previous one, down from a 0.7 percent rate in the final quarter of last year.

The U.K. economy also grew just 0.3 percent in the first quarter, data released at the end of April showed.

Economic growth numbers for the euro zone are published later on Wednesday.

"An improvement in pace and breadth should not mask the lack of underlying momentum," Marc Ostwald, a markets strategist at ADM ISI, said in a note.

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