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France’s GDP grows in line with expectation in Q1

by ChemOrbis Editorial Team -
  • 24/06/2015 (15:54)
According to media reports, France’s economy grew by 0.6% in the first quarter of 2015 in line with the country’s official statistical office INSEE’s preliminary expectations. This growth was attributed to a rise in corporate profit margins and strong household spending.

According to data released by INSEE, France’s GDP growth is expected to reach 1.2% in 2015. Meanwhile, gross domestic product is expected to grow by 0.3% in Q2 and Q3 and will rise 0.4% in Q4. The statistical office stated that this growth will stem from stronger manufacturing and the rebound in energy and market sector services. INSEE also pointed out that it is unlikely that French GDP growth will match the levels of 1.9% in 2010 and 2.1% in 2011 due to declining household and corporate investment.

France’s GDP grew by 0.4% in both 2013 and 2014.
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