Arab Today, arab today france breaks out of recession with surprisingly strong growth
Last Updated : GMT 08:37:55
Arab Today, arab today
Arab Today, arab today

France breaks out of recession with surprisingly strong growth

Arab Today, arab today

Arab Today, arab today France breaks out of recession with surprisingly strong growth

Paris - AFP

France has emerged from a shallow recession, posting stronger-than-expected 0.5 percent quarter-on-quarter growth in April to June, its best result for two years, official data showed on Wednesday. The unpopular Socialist government, struggling with rising job losses and a mounting deficit, was quick to hail the news as a turning point after contraction in the last two quarters. Finance Minister Pierre Moscovici said the rebound \"confirms the end of the recession in the French economy\" and \"amplifies the encouraging signs of recovery.\" The expansion, which beat analyst forecasts, was largely thanks to improved domestic consumption, the national statistics agency INSEE said in a statement. Industrial output also rose, but further growth was held back by a fall in investment. \"This is the largest increase since the first quarter of 2011,\" it added. While various data has indicated that French economy is perking up, analysts had expected that the recovery would be more tepid. After earlier predicting that the economy would contract by 0.1 percent overall this year, INSEE said it now expects growth of 0.1 percent for 2013, in line with government forecasts. But there was no sign the slight increase in economic activity was having an immediate impact on employment levels, with other INSEE data showing the loss of 27,800 commercial jobs in the second quarter. President Francois Hollande has promised to reverse the rise in unemployment by the end of the year, after the number of jobseekers in France rose to a record of nearly 3.3 million. INSEE also said consumer prices were down 0.3 percent in July but that overall inflation was at 1.1 percent. Data to be released later Wednesday was expected to show that the eurozone has edged out of its 18-month recession, with many analysts pencilling in 0.2 percent growth. Germany\'s Destatis federal statistics office said Wednesday that the German economy, Europe\'s biggest, expanded by 0.7 percent in the second quarter. A return to sustained growth will be crucial for France\'s efforts to bring its public spending deficit back under the EU ceiling of three percent. Earlier this year the eurozone\'s second-largest economy was given a two year-reprieve until 2015 to reach the three percent target by the EU. But analysts say the country may still miss its new target of cutting it to 3.7 percent of GDP this year.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france breaks out of recession with surprisingly strong growth Arab Today, arab today france breaks out of recession with surprisingly strong growth

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday