French economic growth at 1.0% in Q1: finance minister

13th May 2011, Comments 0 comments

The French economic growth for the first quarter of the year came in at 1.0 percent, "the strongest since the second quarter of 2006", Economy Minister Christine Lagarde told AFP Thursday.

Prime Minister Francois Fillon said earlier in the day he expected growth for the first quarter of more than 0.8 percent.

He said gross domestic product "will be above 0.8 percent" over the three-month period, "double that in Britain and more than double the growth over the same period in the United States".

The 2010 fourth quarter output hike was 0.4 percent.

In its last estimate, early last month, the official Insee statistics body spoke of growth of 0.6 percent in the first quarter, followed by a 0.4 percent drop in the second.

"What is important for the year to come is that the government remains focused on growth and employment," said Fillon.

© 2011 AFP

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