French Economy to Continue Growth in 2018 Despite U.S. 'Uncertainties'

By Sam SchechnerFeaturesDow Jones Newswires

The French economy will continue to grow at a relatively steady clip in the beginning of 2018, but "political uncertainties" in the U.S. remain a wildcard, French statistics body Insee said Tuesday in its economic outlook.

After posting 1.9% growth in 2017, growing business optimism will push quarter-to-quarter growth to 0.5% in the beginning of 2018, and then 0.4% in the spring, Insee said. Unemployment should also continue to fall to 9.4% mid 2018, down about 0.1% year-on-year.

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The agency also said that foreign trade will stop weighing on growth by the middle of next year, driven by agricultural exports and rising tourism.

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(END) Dow Jones Newswires

December 19, 2017 13:12 ET (18:12 GMT)