Monaco, MC
broken clouds
10.1 ° C
12 °
4 °
11 °
15 °
14 °
13 °
13 °
Breaking News

Transport disruptions expected to continue as union strikes roll on throughout France

French growth figures outpace UK, boost to Macron

French growth figures outpace UK, boost to Macron

By Staff Writer - October 31, 2017

French President Emmanuel Macron Photo: Official Leweb
French President Emmanuel Macron Photo: Official Leweb

The French economy has done particularly well over the third quarter of 2017, according to figures from INSEE, the national statistics office.

Gross domestic product grew by 0.5 percent in the three months to September, following growth of 0.6 percent in the second quarter and 0.5 percent in the first quarter of this year.

The French economy, the second-largest in the eurozone after Germany, has grown for the fifth quarter in a row. In annual terms, France’s economy has grown by 2.2 percent, the best rate since 2011.

Reuters reported on Tuesday, October 31: “Following the economy’s performance over the first nine months, President Emmanuel Macron’s government should have little trouble surpassing the 1.7 percent growth forecast it built its budget plans on.”

The French success stands in marked contrast to the UK’s performance, which has seen an annualised growth rate of 1.5 percent over the last 12 months, although the British economy grew by 0.4 percent in the third quarter.

INSEE said that the French economy had been driven by an increase in household consumption and rising investment.

READ ALSO Stats office reports mixed results for economy


Previous articleWhat’s on for #HALLOWEEN2017: The Freaky, fun, fabulous but fashionable guide                
Next articleMonaco to host World Rugby ‘Player of the Year 2017’ awards


December 11, 2019 | Business & Finance

Intimate photos of daily life at the Palace

Stephanie Horsman

A new photo book paying tribute to the 126 people who work behind the scenes at the Prince’s Palace and his private home, Roc Agel, has been released.

December 10, 2019 | Business & Finance

Red Cross entities unite

Cassandra Tanti

Prince Albert has joined a gathering of the entire Red Cross Movement in Geneva for a conference under the theme: ‘Acting today to shape the world of tomorrow’.

December 9, 2019 | Business & Finance

Monaco receives four new ambassadors

Cassandra Tanti

Monaco now has four new Ambassadors from Belarus, Malayia, Mali and the European Union.

December 6, 2019 | Business & Finance

Monaco hosts World Top Model final

Cassandra Tanti

For the first time, Monte Carlo will play host to the World Top Model final, set to take place on 14th December at the Fairmont Hotel.