Anemic growth was recorded by the French economy in the second quarter of the year, according to the final data announced by the National Statistical Service Insee on Friday.

GDP of the second largest European economy has risen by just 0.3%, as preliminary estimated the statistical service and analogous to the estimates of 21 economists in a Reuters survey.

The country’s exports recorded moderate growth, as they increased by 0.5% after a 1.2% drop in the previous quarter, increased mainly by the strong increase in exports of medicinal products.

Household consumer costs, which make up the traditional driving force of the French economy, have regained marginally to 8%, from -0.3% of the previous quarter, as the increase in eating and services expenditure has offset the significant decline in energy spending.

The data does not provide any relief to the French government called to manage the country’s high fiscal deficit in the midst of slow economic growth.

French Prime Minister François Bairou wants to reduce the budget deficit from 5.4% of GDP this year to 4.6% in 2026, finally aiming at the 3% of the EU by 2029.

Budget cuts, however, promoted by Bairou have sparked strong reactions, amidst which the French prime minister has decided to seek a vote of confidence on September 8, which puts the government to test the minority.