The Guardian

Eurozone GDP: French economy grows by 0.3% despite export woes – business live

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Rolling coverage of new growth figures from across Europe, and other events in the financial marketsIntroduction: Eurozone GDP dayLatest: French growth holds steadyExport growth fizzled out 7.18am BST Although any growth is welcome, a 0.3% quarterly growth rate is rather mediocre.And as Philippe Waechter, chief economist at Ostrum Asset Management points out, French GDP has now been subdued for over a year.The French #GDP quarterly change was at 0.3% in the 1st quarter, marginally lower than in the 2 previous quarters.The French growth trend is close to 1.2%. Domestic demand (0.3 vs 0.2 in 4Q18)was up,inventories (0.3 vs -0.1)were stronger but net exports were negative(-0.3 vs 0.3) 7.09am BST Some snap reaction:’No turning point’ for the Eurozone economy on the horizon says Lorenzo Cordogno LC Macro Advisors. @SquawkBoxEurope Despite French Q1 GDP showing better consumer spending but flat Q/Q growth at 0.3%. Continue reading…

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Author : Graeme Wearden

Publish date : 2019-04-30 06:18:01

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