• The French economy grew strongly in Q1 2015 with GDP up 0.6% q/q.

  • Final domestic demand was the main driver of GDP growth (0.6 point contribution). The change in inventory contributed 0.5 points to growth, but was offset by the negative contribution of net exports (also 0.5 points).

  • Although a recovery movement is well underway, it must still be consolidated through a rebound in investment and employment.

  • Household purchasing power gains and the upturn in corporate margins are encouraging.

  • The recovery should also benefit from a catching-up effect after several years of quasi-stagnation.

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