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Investing.com -- France’s economy experienced a minor contraction in the last quarter of 2024, according to a recent report by the national statistics agency, INSEE.
The slight downturn comes after the economic boost provided by the Paris 2024 Olympic Games began to fade.
The Eurozone’s second-largest economy saw a 0.1% decline in the final three months of 2024, following an unaltered 0.4% rise in the third quarter, as per the preliminary data from INSEE.
The 2024 Olympic Games in Paris played a significant role in bolstering France’s third-quarter growth. The boost was largely attributed to the sales of household services, tickets, and broadcasting rights.
However, with the conclusion of the games, the economic uplift started to wane, resulting in a slight contraction in the fourth quarter.
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