There’s some truth to this: first quarter growth has averaged 1.0 percent since 2010.
GDP growth was terrible in the first quarter, rising at an annual rate of only 0.7 percent.
The most common excuse for this miserable performance is that it’s for the first quarter, and first quarters are always bad.
That’s the worst quarterly performance in two years:Unfortunately, the details behind the headline number are bad too.
Maybe we’ll make up for this in the second quarter.
as declared in
French Economic Growth Slowdown Casts Doubt on Strength of Eurozone
Economists polled by The Wall Street Journal had forecast a…
French gross domestic product expanded 0.3% quarter-on-quarter in the three months through March after growing 0.5% at the end of 2016, statistics agency Insee said.
PARIS—French economic growth slowed at the start of the year, but the Spanish economy gained momentum, a mixed signal at a time of cautious optimism about the outlook for the eurozone’s so-far modest recovery.
as declared in
With Austria’s economy also slowing slightly, the French performance casts some doubt over the strength of the eurozone economy in the first quarter.
Consumer spending still eked out 0.1% growth quarter-on-quarter despite a 3.8% tumble in spending on energy amid mild weather.
French economic growth slowed at the start of the year, but the Spanish economy gained momentum, a mixed signal at a time of cautious optimism about the outlook for the eurozone’s so-far modest recovery.
The slightly weaker-than-expected growth rate came as the country braced for a high-stakes presidential election that puts France at a crossroads between deeper economic integration in the eurozone, or retreat.
During the campaign, candidates vowing to implement tough economic reforms and keep France in the eurozone have sparred with antiestablishment rivals threatening to pull France from the currency area.