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No surprises from figures for French economy

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No surprises from figures for French economy

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French gross domestic product rose to a seasonally adjusted 0.3 percent for the final quarter. The figures released by the French Institute for Statistics and Economic Studies confirmed earlier estimates and show no change quarter on quarter. Consumer spending rose by the same figure.

Public debt in the country increased by 7.8 billion euros in the third quarter – 95.2 percent of GDP.

Data from INSEE showed that government debt fell 4.8 billion euros in the quarter while predictions shows the government expects the public debt ratio will reach just over 97 percent of GDP by the end of 2015.