French Economy Sustains Momentum, Has Best Year Since 2011
- Growth continues to lag euro area, though gap is narrowing
- GDP rose 0.6% in fourth quarter, matching economists’ estimate
Photographer: Christophe Morin/Bloomberg
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The French economy expanded for a fifth straight quarter, delivering its best full-year since 2011 as the election of President Emmanuel Macron combined with a global upturn to bolster confidence and investment.
Gross domestic product rose 0.6 percent in the three months through December, in line with the median forecast of economists. Capital investment rose 1.1 percent, household spending increased 0.3 percent and net trade added to growth.