INSEE is expected to announce a sharp rebound in growth in the first quarter
A good surprise. Here is what should give INSEE on Wednesday morning. According to Les Echos, the institute will announce GDP growth in France of 0.6% in France in the first quarter. The oil price fall would have boosted household consumption and industrial production. Apart from the construction sector, all major French economic indicators are now well oriented, ensures the business daily’s website.
In its monthly report for March 2015, INSEE had banked on growth of 0.4% in the first quarter. France would therefore does better than its forecast.
For the year 2015, Bercy expects growth of 1%. On Tuesday, the Bank of France announced a 0.3% growth for the second quarter in a first estimate of GDP growth. If these figures are confirmed, this would mean that the government has almost reached its target for the year in just six months.
It remains however to perpetuate this rebound towards the end of the year. “Our economy is recovering, had commented François Hollande, in early April, while INSEE had just announced a recovery this year. There is talk of more than 1% growth in 2015. But, we should have higher goals and to create jobs, we must have more than 1% of growth. “Because if it restarts, unemployment , he does not cease to grow …
Read the article on The Parisien.fr
Energy: the price of a barrel of oil will remain low at least until 2025
Read also on the Parisien.fr
Copyright © 2015 
No comments:
Post a Comment