Open

Coming up

Don't miss

Replay


LATEST SHOWS

FOCUS

As France’s Carrefour pulls out, what next for India’s retail market?

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014 (part 2)

Read more

REPORTERS

Halal tourism on the rise

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

AFRICA NEWS

Search of Air Algerie crash site continues

Read more

WEB NEWS

NSA targets 'Tor' network users

Read more

WEB NEWS

Web users call for peace in Gaza

Read more

BUSINESS DAILY

French government hopes to collect €1.8bn from foreign accounts

Read more

  • France honours those lost on Air Algérie Flight AH5017

    Read more

  • Video: Slaviansk mourns mass grave victims

    Read more

  • Thousands gather in Marseille in support of Israel

    Read more

  • As France’s Carrefour pulls out, what next for India’s retail market?

    Read more

  • Liberia tightens border controls to curb Ebola outbreak

    Read more

  • The centenary of Austria-Hungary’s calamitous last hurrah

    Read more

  • Video: Ethiopia turns to wine to boost image, economy

    Read more

  • UN Security Council calls for immediate Gaza ceasefire

    Read more

  • Nibali joins elite group with Tour de France win

    Read more

  • France calls on its nationals to leave Libya as violence escalates

    Read more

  • Boko Haram kidnap Cameroon minister's wife in deadly attack

    Read more

  • Muslims prepare for Eid al-Fitr festival

    Read more

  • ‘Irresponsible’ American dad tries to scale Mont Blanc with children

    Read more

  • Ukraine fighting prevents observers from accessing MH17 crash site

    Read more

  • In pictures: Crowds flock to enjoy the Tour de France show

    Read more

  • Netanyahu says Hamas 'violating its own ceasefire'

    Read more

  • Video: At the scene of the Air Algérie crash in Mali

    Read more

  • Costa Concordia arrives in port of Genoa to be scrapped

    Read more

  • In pictures: Youths clash with police at banned Gaza protest

    Read more

  • Russia lashes out at new EU sanctions over Ukraine

    Read more

  • Bodies of all Air Algérie crash victims to be brought to France

    Read more

  • Syrian army and ISIS both claim advances

    Read more

  • Briton kidnapped in Yemen freed after five months

    Read more

  • New round of Gaza ceasefire talks takes place in Paris

    Read more

France

French economy grows by 1 percent in first quarter

Text by News Wires

Latest update : 2011-05-13

France's economy grew by 1.0 percent in the first quarter of 2011, according to figures released Thursday by French Minister for Economy Christine Lagarde (pictured). It was the strongest growth the country has seen since the second quarter of 2006.

AFP - France's economy expanded by 1.0 percent in the first quarter, the strongest growth since the second quarter of 2006, the national statistics institute INSEE said Friday.
              
At the same time, INSEE revised annual economic growth in 2010 down from 1.5 percent to 1.4 percent due to slower growth during the fourth quarter of last year, which was revised down from 0.4 percent to 0.3 percent.
              
French Economy Minister Christine Lagarde released the growth figure for the first three months of 2011 on Thursday in an interview with AFP.
              
"Growth in the first quarter of 2011 came in at 1.0 percent, the strongest since the second quarter of 2006," she said.
              
She added that she was "very confident that the (government) forecast of 2.0 percent growth for 2011 can be met."
              
Lagarde said the forces driving growth were "at their highest level in 30 years," especially for the manufacturing industry.
              
"Private investment is up, at 0.7 percent, consumption is durable and we expect a job creation of more than 50,000 in the first quarter alone," she said.
              
Prime Minister Francois Fillon had earlier said he expected growth for the first quarter of more than 0.8 percent, "double that in Britain and more than double the growth over the same period in the United States".

 

Date created : 2011-05-13

  • FRANCE

    Sarkozy tells nation leaving euro would be 'madness'

    Read more

  • France

    S&P says France set to keep top credit rating

    Read more

COMMENT(S)