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Wednesday, October 30, 2024

The French economy grew 0.4 percent in the third quarter

The French economy grew 0.4 percent in the third quarter

Economists polled by Reuters expected GDP growth in the third quarter to be 0.3 percent on average.

It boosted the flow of tourists to attend the Olympics Paris Consumer spending in the euro zone’s second-largest economy, which grew 0.5 percent in the third quarter after recording no change in the second quarter.

This preliminary estimate is in line with the forecast made by the National Institute of Statistics and Economic Studies in September when it cut its growth forecast French GDP In the third quarter to 0.4 percent from 0.5 percent previously.

After weeks of struggling to find a new prime minister, he appointed the president Emmanuel Macron Conservative political veteran Michel Barnier in September, who now faces the difficult task of approving the 2025 budget and reducing the deficit in a deeply divided parliament after the election.



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