Expansion

French economy sustains momentum, has best year since 2011

Revival comes after years of sluggish expansion, bolstered by Macron's economic reforms, business tax cuts

bloomberg

30.01.2018

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% in the three months through December, in line with the median forecast of economists. Capital investment rose 1.1%, household spending increased 0.3% and net trade added to growth.