• Saturday, July 11, 2020

France beats Germany as growth hits two-year high

Discussion in 'Europe & Russia' started by Gabriel92, May 13, 2015.

  1. Gabriel92

    Gabriel92 SENIOR MEMBER

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    Ok,now it's time to invade Germany and make their country a part of ours,so they can benefit from our successful economic model. lel.

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    French economic growth jumped to a better-than-expected 0.6 percent in the first quarter despite a fall in investment, preliminary figures released on Wednesday showed. Germany's growth, meanwhile, was just 0.3 percent.


    The INSEE national statistics office had been predicting only 0.4 percent growth in gross domestic product (GDP) as late as last month.

    The encouraging figures for the second-largest economy in the eurozone were welcomed as "clearly comforting" by Finance Minister Michel Sapin.

    However the growth figure for the final quarter of last year was revised down by 0.1 points to zero growth.

    The first quarter growth figure was driven by an 0.8 percent increase in domestic consumption after weak 0.1 percent growth at the end of 2014.

    Investment continued to be a drag on the French economy, falling by 0.2 percent in the first quarter following a drop of 0.4 percent in the final quarter of 2014.

    The figures suggest there is a good chance the French economy will grow faster over the whole year than the 1.0 percent Paris currently estimates.

    "This first figure is very encouraging," Sapin told reporters. "Our growth perspectives for 2015 are today clearly comforting."

    Last month he argued that France's predicted one-percent growth over the whole year which some saw "as unrealistic a few months ago, now looks like the minimum."

    The German economy, Europe's biggest, grew by just 0.3 percent in the first quarter of 2015, slightly slower than expected, data published by the federal statistics office Destatis showed on Wednesday.
    German analysts were disappointed, since they had been pencilling in first-quarter growth of 0.5 percent after GDP expanded by 0.7 percent in the fourth quarter of 2014.
     
  2. rockstar08

    rockstar08 BANNED

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    @Gabriel92 i guess now France can afford to give me free Rafale :azn:
     
  3. Gabriel92

    Gabriel92 SENIOR MEMBER

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    If we hit 1.5% (at least) of growth,then it could be possible.
    But,you can buy a Rafale right now ! (If only you have millions of € :enjoy: )
     
  4. Path-Finder

    Path-Finder ELITE MEMBER

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    I wonder how much of that is down to French Auto manufacturing?
     
  5. rockstar08

    rockstar08 BANNED

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    Where is the French Love for their Pakistani Brothers ?
    you can gift a Rafale to me ? seriously now my ex gf had a bf ... put some BVR's as well :D
     
  6. 45'22'

    45'22' SENIOR MEMBER

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  7. Gabriel92

    Gabriel92 SENIOR MEMBER

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    There are no love between us,only business,nothing else,that's how the life works. :enjoy:

    Compared to the previous quarters of precedent years,yes it is. (Now,hope it will continue)
     
  8. Donatello

    Donatello RETIRED TTA

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    They are a very highly developed country. 0.6% for them is like 4-5% for us.....2-3% is like 10% for us.
    They need enough growth to keep absorbing labor in the jobs.....because they already have built infrastructure. Government spending is mostly on health and education.
     
  9. rockstar08

    rockstar08 BANNED

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    well i wasn't talking about loving you :D but some French Girls :smitten:
    if you have gift me a Rafale i would have sell it for a Porsche , to take my girl to a ride .. you just destroy my dreams .. :cray:
     
  10. Gabriel92

    Gabriel92 SENIOR MEMBER

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    When i said "us",i meant our 2 people,because you said "Where is the French Love for their Pakistani Brothers ? " :enjoy:

    ;)

    [​IMG]
     
  11. Ajai Ghale

    Ajai Ghale BANNED

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    A hint

    How did Crotale became HQ 7 :lol:
     
  12. rockstar08

    rockstar08 BANNED

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    hahahahahahahhaha , at least i thought i had Gabriel to side with me , over some French thin Beauties ...
    we make a good Team dont we ? after all we are the on the 3rd position in the sexiest men list :ashamed:
     
  13. Peaceful Civilian

    Peaceful Civilian ELITE MEMBER

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    Congrats France. Keep it up.
     
  14. flamer84

    flamer84 BANNED

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    Growth of EU economies in the first quarter.Look at that nice little country who tops the chart,go baby,go !,lol

    [​IMG]
     
  15. jammersat

    jammersat BANNED

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    i'm glad finland sucks , i hate the finns