France and the EU - on the move!

Discussion in 'Economics' started by TGregg, Jan 7, 2006.

  1. TGregg


    PARIS - France's economic growth accelerated in the third quarter as a rebound in exports and consumer spending helped lift gross domestic product after an anemic second quarter.

    The euro zone's second-biggest economy expanded by 0.7 percent in the third quarter compared to the second quarter, according to final data released Tuesday by national statistics agency Insee. It was in line with Insee's early estimate in November and analyst forecasts.

    Yep, a massive zero point seven percent. The EU is kicking butt!

  2. Chagi


    2.8% annual growth isn't a terribly bad figure.
  3. TGregg


    I musta linked to the wrong story, the one I wanted also mentioned an "anemic" second quarter.

    And 1.07^4 is 3.1, not 2.8.
  4. 1.007^4 = 2.8 no?
  5. Chagi


    I guess the "best" answer if one factors in quarterly compounding would be 2.8295374%, but it's late at night, and we're all friends here. :p
  6. TGregg


    Oops, it was too late at night for me, LOL. You're right.