France 2018 GDP growth revised up to 1.7% from 1.6%: INSEE
Written by MagaFirstNews on May 16, 2019
FILE PHOTO: The financial district of La Defense is seen at dusk near Paris, France, January 5, 2017. REUTERS/Christian Hartmann/File Photo
May 16, 2019
PARIS (Reuters) – French statistics department INSEE revised up on Thursday the country’s 2018 gross domestic product growth to 1.7% from a previous 1.6%.
INSEE also revised the growth rate for 2017 to 2.4% from a previous 2.3% and lowered the growth rate for 2016 to 1 percent from 1.1%.
The new economic growth didn’t affect the county’s government deficit which remained at the equivalent to 2.5% of GDP in 2018 and 2.8% of GDP in 2017. The deficit of 2016 remained at 3.5% of GDP.
(Reporting by Inti Landauro and Leigh Thomas; Editing by Toby Chopra)