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Industry fall hits French growth
Weak industrial output figures for March yesterday added to signs that France’s Socialist president-elect Francois Hollande will inherit a sickly economy when he takes office next week, supporting his calls for more policy focus on growth. The Bank of France said it expects no growth in the second quarter as statistics agency INSEE revealed industrial output fell 0.9 per cent compared to economists’ expectations of a 0.5 per cent drop.