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3 reasons the French economy is slumping



More bad news for France: Economic growth ground to a halt in the three months through June.

New data released Friday suggest the G7 economy will struggle to break out of the malaise that took hold even before the recent wave of terror attacks.

Gross domestic product grew by 0% in the second quarter of 2016, according to the national statistics agency. That represents a sharp slowdown from expansion of 0.7% posted in the first quarter.

Here are three issues that have taken a bite out of growth:

Euro 2016

France was beaten by Portugal in the final of Europe’s premier soccer tournament in early July, and the country appears to have lost out economically from hosting the event too.

It sounds outlandish, but France’s statistics agency said that household spending was lower in the second quarter because of a “backlash” against ticket sales for Euro 2016 earlier…



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