French economy grows faster than forecast in the last quarter of 2022 | Business

Customers shop at a supermarket in Lille, northern France. (Photo: AFP/VNA)

France’s INSEE statistics agency on January 31 released preliminary data on Gross Domestic Product (GDP) showing that the economy recorded a growth of 0.1% in the fourth quarter of 2022, thanks to an increase in exports. .

Economic growth of 0.1% in the fourth quarter of 2022 was lower than the growth of 0.2% in the third quarter, but this figure was higher than the forecast of 0%. Preliminary data GDP France’s fourth quarter of 2022 also contrasts with Germany’s.

According to data published on January 30, the largest economy in the Eurozone (Eurozone) unexpectedly declined this quarter.

[Xuất khẩu giúp kinh tế Pháp phục hồi nhanh hơn kỳ vọng]

Considering the whole year 2022, the background French economy recorded 2.6% growth.

France, the eurozone’s second-largest economy, has been grappling with the effects of higher energy prices, which have hit production, business and global trade.

The French central bank forecast in December 2022 that the French economy will shrink to 0.3% in 2023 from 2.6% growth in 2022.

Bich Lien (VNA/Vietnam+)

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