Open

Coming up

Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

Abbas Araghchi, Iranian deputy foreign minister

Read more

THE OBSERVERS

More of this year's best Observers stories

Read more

FOCUS

When water becomes a weapon of war

Read more

ENCORE!

Eve Ensler: 'In The Body Of The World'

Read more

THE INTERVIEW

Ed Husain, Author of 'The Islamist'

Read more

DEBATE

Pakistan Protests: Democracy put to the test

Read more

DEBATE

Pakistan Protests: Democracy put to the test (part 2)

Read more

REPORTERS

Pakistan: Imran Khan, from the cricket field to politics

Read more

MEDIAWATCH

Is Carla Bruni against a political comeback for Sarkozy?

Read more

  • IS video purports to show beheading of second US journalist

    Read more

  • Trust and 'bio-disaster units' needed to fight Ebola

    Read more

  • Video: Bodies ‘left behind’ as Ukraine forces flee rebel assault

    Read more

  • France vows crackdown on unemployment benefit ‘abusers’

    Read more

  • Julie Gayet wins privacy case against French glossy Closer

    Read more

  • Several UN peacekeepers killed in Mali explosion

    Read more

  • NATO plans new 'spearhead' force to counter Russia

    Read more

  • French clubs left behind as others spend big

    Read more

  • Britain drops arrest warrant for ill boy’s parents

    Read more

  • When water becomes a weapon of war

    Read more

  • Arab media strike back at IS Islamists – with cartoons

    Read more

  • US military targets Somalia's al Shabaab Islamist group

    Read more

  • Eve Ensler: 'In The Body Of The World'

    Read more

  • Boko Haram Islamists seize northeast Nigerian town

    Read more

  • Is Carla Bruni against a political comeback for Sarkozy?

    Read more

  • Monaco’s Falcao leaves Ligue 1 for Man Utd

    Read more

  • UN backs Iraqi request for inquiry into IS militant crimes

    Read more

  • French education ministry picture sparks racist abuse

    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)