AGL 36.58 Decreased By ▼ -1.42 (-3.74%)
AIRLINK 215.74 Increased By ▲ 1.83 (0.86%)
BOP 9.48 Increased By ▲ 0.06 (0.64%)
CNERGY 6.52 Increased By ▲ 0.23 (3.66%)
DCL 8.61 Decreased By ▼ -0.16 (-1.82%)
DFML 41.04 Decreased By ▼ -1.17 (-2.77%)
DGKC 98.98 Increased By ▲ 4.86 (5.16%)
FCCL 36.34 Increased By ▲ 1.15 (3.27%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.08 Increased By ▲ 0.69 (4.21%)
HUBC 126.34 Decreased By ▼ -0.56 (-0.44%)
HUMNL 13.44 Increased By ▲ 0.07 (0.52%)
KEL 5.23 Decreased By ▼ -0.08 (-1.51%)
KOSM 6.83 Decreased By ▼ -0.11 (-1.59%)
MLCF 44.10 Increased By ▲ 1.12 (2.61%)
NBP 59.69 Increased By ▲ 0.84 (1.43%)
OGDC 221.10 Increased By ▲ 1.68 (0.77%)
PAEL 40.53 Increased By ▲ 1.37 (3.5%)
PIBTL 8.08 Decreased By ▼ -0.10 (-1.22%)
PPL 191.53 Decreased By ▼ -0.13 (-0.07%)
PRL 38.55 Increased By ▲ 0.63 (1.66%)
PTC 27.00 Increased By ▲ 0.66 (2.51%)
SEARL 104.33 Increased By ▲ 0.33 (0.32%)
TELE 8.63 Increased By ▲ 0.24 (2.86%)
TOMCL 34.96 Increased By ▲ 0.21 (0.6%)
TPLP 13.70 Increased By ▲ 0.82 (6.37%)
TREET 24.89 Decreased By ▼ -0.45 (-1.78%)
TRG 73.55 Increased By ▲ 3.10 (4.4%)
UNITY 33.27 Decreased By ▼ -0.12 (-0.36%)
WTL 1.71 Decreased By ▼ -0.01 (-0.58%)
BR100 11,987 Increased By 93.1 (0.78%)
BR30 37,178 Increased By 323.2 (0.88%)
KSE100 111,351 Increased By 927.9 (0.84%)
KSE30 35,039 Increased By 261 (0.75%)

imagePARIS: France's economy grew 1.1 percent in 2015, its biggest jump in four years which the government hailed as confirmation of a turnaround after years of economic stagnation, official statistics showed Friday.

The eurozone's second-biggest economy posted growth of 0.2 percent in the fourth quarter, down from 0.3 percent in the July-September period, national statistics agency INSEE said.

The full-year growth figure, up from 0.2 percent in 2014, was in line with the government's predictions but lagged the 1.5-percent growth expected in the wider eurozone in 2015, according to INSEE.

Finance Minister Michel Sapin said the fact that output had continued expanding in the fourth quarter, despite devastating jihadist attacks that left 130 people dead in November and dealt a severe blow to tourism, showed "the French did not give up".

"2015 was the year of the recovery," Sapin told AFP, predicting that the trend would "intensify in 2016" and spur job creation.

In a sign of increased consumer confidence, consumer spending shot up 1.4 percent in 2015, while business investment grew 2 percent year-on-year.

The figures provide some rare good news for the Socialist government after further disappointment on the jobs front this week.

On Wednesday, the labour ministry announced that unemployment -- the scourge of President Francois Hollande's administration -- had risen again in December, taking the number of jobless to a new record of 3.59 million.

Copyright AFP (Agence France-Presse), 2016

Comments

Comments are closed.