February 10, 2006

A RECEDING TIDE LOWERS ALL BOATS:

French growth disappoints in 2005 (BBC, 2/10/06)

France's economic growth slowed in the final three months of 2005, pulling the country's full-year performance down below the government's forecasts.

Gross domestic product (GDP) rose by 0.2% in the fourth quarter, down from 0.7% in the previous three months, according to statistical office Insee.

For the year, GDP grew by 1.4%, compared with 2.1% in 2004.

Posted by Orrin Judd at February 10, 2006 8:17 AM
Comments

Slower, please.

Posted by: Rick T. at February 10, 2006 9:18 AM

But have they factored in the boost from all the reconstruction after the rioting? And all the replacement vehicles that were needed?

Posted by: ratbert at February 10, 2006 12:20 PM

and some toad from their ministry of economic destruction was saying how the economy was doing fine, earlier in the week.

Posted by: toe at February 10, 2006 2:06 PM

toe:

For the government toads, the French economy is probably doing just fine. But for the rest....

Posted by: jim hamlen at February 10, 2006 3:58 PM

If this goes on for another 20 years, which it may well do, the US GDP/head will be twice the EU's.

Posted by: ZF at February 10, 2006 4:08 PM
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