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French growth beat forecasts despite gilet jaunes protests – live | Business

French riot police face yellow protesters in Place de la Bastille last weekend

The French riot police face yellow protesters in the Plaza de la Bastilla Photo: Alfred Photos / SIPA / REX / Shutterstock

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With a concentration of sadness in Europe, France has given the Eurozone a much needed boost to overcome the growth forecasts of the last quarter.

French GDP expanded by 0.3% during the months of October and December, according to the new figures, with fears that growth could have dropped to only 0.1%.

This coincides with the growth of France in the third quarter, easing fears of a slowdown.

Economists had been backed by bad numbers, following the "gilet jaunes" protests that have taken Paris for many weeks, with massive demonstrations, police battles, blockages and attacks on stores and automobiles

And in fact, consumer spending and investment fell in the last quarter.

However, the French economy continues to press, according to INSEE, thanks to a jump in exports.

French GDP in detail

French GDP in detail Photography: Insee

INSEE Reports:

Expenditures on household consumptions slowed down (0.0% after + 0.4%), in the same way Gross total gross fixed formation decreased (GFCF: + 0.2% after + 1.0%). In general terms, the final domestic demand excluding the inventory changes slowed down: it contributed 0.1 points to the growth of GDP, after 0.5 points in the previous quarter.

Imports fell back in Q4 (+ 1.6% after 0.7%) and exports It accelerated significantly (+ 2.4% after + 0.2%). Overall, the foreign trade balance contributed positively to the growth of GDP again: +0.2 points, after +0.3 points in the third quarter. By contrast, changes in inventories contributed negatively to the growth of GDP (-0.1 points after -0.5 points).

The figures are not exactly superb – France's annual growth rate has dropped to 1.5% for 2018, from 2.3% in 2017. This highlights how it has eliminated the # 39; euroboom.

Reaction to follow …

It will come today too

The US and China have to resume their trade talks today; eclipsed by criminal charges against Huawei.

The pound could be volatile today after the deputies voted on Theresa May to return to Brussels to renegotiate the Irish backstop in its Brexit agreement, which the EU has already said is not even snow.

James Felton

Main cover of the web by the Independent

January 29, 2019

Sterling fell a little way and lost one hundred percent against the US dollar, as traders estimated that now there is more chance than a Brexit.

He is likely to take action in London this morning (such as a weak pound rises foreign revenue).

The central bank of America meets to establish this monetary policy. The Fed is likely to leave the interest rates in suspension, but it could be highlighted as the US government's shutdown has harmed the economy.

In addition, we obtain new data on loans from the United Kingdom that may show a drop in mortgage approvals last month.

The agenda

  • 9.30 a.m. GMT: Consumer credit information and UK mortgage approvals
  • 10 h GMT: consumer confidence in the euro zone
  • 7:00 PM GMT: The Federal Reserve of the United States establishes interest rates

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