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French economy outpaces Britain as recovery is confirmed

Discussion in 'Europe & Russia' started by Vergennes, Nov 8, 2017.

  1. Vergennes

    Vergennes Strategist Staff Member MILITARY STRATEGIST

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    [​IMG]

    The French economy clocked up solid growth in the third quarter, official data showed on Tuesday, suggesting that recovery in the eurozone's second-biggest economy remains on track.

    The national statistics institute INSEE said in a statement that gross domestic product (GDP) expanded by 0.5 percent in the three months to September.

    The French economy had already grown by 0.6 percent in the second quarter and 0.5 percent in the first quarter of this year.

    That means that France's economy has grown for the fifth quarter in a row. Over the last 12 months France's economy has grown by 2.2 percent, the healthiest rate since 2011.

    Reuters news agency had this to say: "Following the economy’s performance over the first nine months, President Emmanuel Macron’s government should have little trouble surpassing the 1.7% growth forecast it built its budget plans on."

    And significantly that 12 month growth rate is higher than in the UK where the economy has grown by 1.5 percent over the last 12 months. Britain's economy expanded by 0.4 percent in the third quarter of 2017.



    The third-quarter data are in line with the government's forecast for growth of 1.8 percent over the year as a whole.

    Economic activity in the period from July to September was driven by a pick-up in household consumption and rising investment, INSEE said.





    With the French economy having expanded at around a tepid 1.0 percent rate in recent years, an acceleration to 1.8 percent growth would represent a considerable improvement.

    Business surveys have shown a new sense of optimism in the French economy since the election of Emmanuel Macron as president in June, and his government has pushed through a labour reform which it hopes will spur further activity.

    Insee sees business investment accelerating to a 3.9 increase this year, from 3.4 percent in 2016.

    Households are also expected to increase their investments by 5 percent this year, the highest rate since 2006.

    https://www.thelocal.fr/20171031/french-recovery-on-track
     
  2. Gessler

    Gessler Lt. Colonel Technical Analyst

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    Guess that means there should be no problem whatsoever in meeting Macron's promise for significant increase in Defense spending this time around?
     
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  3. Guynextdoor

    Guynextdoor Lt. Colonel SENIOR MEMBER

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    Vive la France!!!

    @BMD the advantages of abolishing monarchy!!!
     
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  4. Som Thomas

    Som Thomas 2nd Lieutant FULL MEMBER

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    Good Job French. The British had it coming. The poor British people have to pay taxes keep funding the queens offshore account. :award:

    [​IMG]
    http://www.bbc.com/news/uk-41878305
     
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  5. Guynextdoor

    Guynextdoor Lt. Colonel SENIOR MEMBER

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    Ol!! Even the Prince Charles is now proved to be a money laundere and insider trader. @BMD shame!
     
  6. Vergennes

    Vergennes Strategist Staff Member MILITARY STRATEGIST

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    Of course better economic outlook and higher receipts will make it easier to meet the government's pledge to increase the defence budget by at least €1,7 billion each years til 2022. The lower house has just voted the €1,8 billion increase to the defence budget in 2018. (highest increase of any ministry)

    Our armed forces face lot of challenges,but these increase will be more than welcomed. (never seen in recent years)

    Nowadays,Monarchy is just like a kind of mafia.
     
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  7. omya

    omya Lt. Colonel ELITE MEMBER

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    ya ubisoft is doing good :achmed:
     
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  8. BMD

    BMD Colonel ELITE MEMBER

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    Outpaced by 0.1%.
     
  9. BMD

    BMD Colonel ELITE MEMBER

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    The Queen doesn't legally have to pay any taxes.
     
  10. BMD

    BMD Colonel ELITE MEMBER

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    And what's Bilderberg then? Lobbyists and the media are the real mafia.
     
  11. BMD

    BMD Colonel ELITE MEMBER

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    Didn't see any threads for the previous 3 years when the UK was outpacing France and Germany.
     
  12. Som Thomas

    Som Thomas 2nd Lieutant FULL MEMBER

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    That’s the whole point only two kinds of people don’t have to pay taxes but uses British people’s hard earned taxes one your fat plum Queen and her minions and second your Muslim Jihadis who you love to the core.

    :biggthumpup:
     
  13. Guynextdoor

    Guynextdoor Lt. Colonel SENIOR MEMBER

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    Oh that's because you were part of Europe.
     
  14. Guynextdoor

    Guynextdoor Lt. Colonel SENIOR MEMBER

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    'Nowadays'? British monarchy has been a mafia for over 100 years. Think about it. They don't really do anything except dress up like peacock and eat off public revenues. During the second world war one of them ran away with mistress and the other's 'big' accomplishment was giving a speech despite being a big stammerer. @BMD since reports indicate that the queen and prince are money launderers and worse insde traders (Charles dealings on carbon credit) you should abolish them.
     
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  15. BMD

    BMD Colonel ELITE MEMBER

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    Oh sure, we just love Jihadis here.

    Not paying taxes is a royal prerogative. Like I said, she gave up tens of billions of £s of wealth to the taxpayer in the early nineties and the taxpayer gets the proceeds from that each year. The EU costs the UK dozens of times more than the Queen, ditto for foreign aid, ditto for Scotland....
     
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