Daily Management Review

France Sees An Expansion In GDP In The First Quarter


04/30/2017


Slumping trade was made up by the GDP growth in France.



France Sees An Expansion In GDP In The First Quarter
France began this year with a slowed down economy followed by the “breather” in the household spending added with a “big drag” witnessed in the foreign trade section. While, INSEE observed that the GDP of the “Eurozone's second largest economy” grew by “0.3% quarter-on-quarter clip” in the first quarter of 2017, while it remains under “0.4%” below its prior quarter figures.
 
The said figure falls short by “one tenth of a percentage point” to meet economists’ forecast, although “an upwards revision of the same magnitude to the estimate for the prior quarter” made up for the offset. Moreover, it has been reported that:
“Consumer expenditures slowed from growth of 0.6% quarter-on-quarter observed in the last quarter of 2016 to just 0.1% in quarter one, mainly due to lower spending on energy which slumped because of unusually warm weather”.
 
While, good purchase also remained slow, for cars were less purchased by the French. There was an increment of “0.4% on the quarter” on government spending. On the other hand, foreign trade slumped by “0.7 percentage points”, while the “resulting rise in inventories led to a 0.6 percentage point boost”. In the words of the Chief ‘Eurozone Economist’ at Panthoen Macroeconomics, Claus Vistesen:
“These two numbers are linked at the hip because falling net trade usually is associated by inventory accumulation via imports of intermediate goods.”
 
 
 
 
References:
www.digitallook.com







Science & Technology

Dream Of Immortality Can Be Realised By 2045

Predicting A Patient’s Death Might Be Possible With Google’s Machine Learning Tool

Are online DNA databases dangerous?

Uber will identify drunk passengers

Experts found how automation will change markets

World's First Dedicated XR Platform Launched By Qualcomm

Hamburg becomes the first German city to ban old diesels

Hundreds Of Thousands Of Routers Have Been Hacked By Russians, Warns The FBI

Chinese Study Claims Heart Diseases Can Be Reduced By Having An Egg A Day

Asteroid mining: Reality or fiction?

World Politics

World & Politics

EU Reform Plans Disclosed By Merkel And Macron

USA launches the third round of the trade war with China

Italy says No to refugees

German experts: There’s no end to wars

G7 Picture Reveals Tensions Between U.S. And Its Close Allies

Pope Addresses The Oil & Gas Giants To ‘Respect’ COP21 Deal

G7 Does Not Welcome Russia: German Official

Trump-Kim Jong Un Meeting To Take Place, Confirms US President