Resistant but fragile growth in a global context could not be more gloomy. It was the state of the French economy, at the end of last year, before the arrival of the coronavirus. On Friday, INSEE only slightly revised upward the GDP growth in 2019, to 1.3% over one year - whereas it still counted on a rise of 1.2% a month ago -, that is far from the 1.7% recorded in 2018 and worse, the 2.3% of 2017. The institute however confirmed a contraction of 0.1% in national wealth in the fourth quarter alone.
“ France has growth which is more solid than other euro-zone countries such as Germany and Italy. But this growth for 2019 is disappointing, we should have had stronger growth , ”says Patrick Artus, director of research and studies at Natixis. Strikes against pension reform weighed on the economy in the fourth quarter. But not only. " The global industrial recession that hit last summer
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