French economy to slump 17% in second quarter despite May rebound - INSEE

PARIS (Reuters) - France's economy should shrink less than expected in the second quarter as business activity began recovering in May after a nationwide lockdown was eased, the INSEE official statistics agency forecast on Wednesday. Consumer spending, traditionally the motor of French economic activity, was expected to be 5% below normal levels in June, INSEE estimated. (Reporting by Myriam Rivet; Writing by Matthieu Protard; Editing by Leigh Thomas and Richard Lough)