An increase of 0.6% in the first quarter, it was twice what was initially expected. It’s been almost two years that France had not experienced such a growth rate. First explanation: the oil price decline was a breath of oxygen for households, explains Laura Zéphirin, France 2 Their purchasing power increases, they consume more. The result is an increase in consumption of 0.8%.
In addition, the decline of the euro against the dollar represented a windfall for French companies. Export prospects have never been higher for fifteen years. The only exception is construction. The sector remains on the sidelines of the recovery, which remains fragile. The oil price rises, as well as the euro against the dollar. Not sure that this improvement continues. The Bank of France announced a growth of only 0.3% in the second quarter.
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