French Economy To Gain Momentum In 2015 French statistical office INSEE said late Thursday that the countrys economic growth is expected to accelerate in 2015, aided by the depreciation of the euro and a fall in crude oil prices. The gross domestic product, or GDP, is expected to see sequential growth of 0.3 percent each in the first two quarters of 2015. This would mark a slowdown from the 0.1 percent growth estimated for the fourth quarter of 2014. The statistical agency attributed its optimism to the euros weakness and a steep drop in oil prices, which has fallen precipitously in recent weeks to trade around $55-a-barrel. However, the improvement in projections is not expected to reach the job market. The unemployment rate is estimated to reach 10.6 percent in the second quarter of 2015, marking the highest level since 1997. There is also significant uncertainty around the forecasts. Business leaders could further delay investment and the volatility of oil prices is hard to predict, the Insee said. Read more: https://instaforex/forex-news/1720820-french_economy_to_gain_momentum_in_2015_.html
Posted on: Fri, 19 Dec 2014 06:05:03 +0000
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