France's return to economic growth is expected to continue in 2018, at the same pace as its European neighbors, the National Statistics Agency said on Tuesday.
Citing a "buoyant" global environment, INSEE revised upwards its growth estimate for 2017 from 1.8% to 1.9%.
"Growth has been established since the end of 2016 at a sustained pace of about 0.5% per quarter," said INSEE head Julien Pouget at a press conference. press conference, predicting an upward trend until mid-2018.
Last week, the European Central Bank predicted growth of 2.3% for the 19 eurozone members for next year, a leap from its estimate of 1.8% in September .
French GDP growth is driven by a greatly improved business climate, reducing dependence on household consumption.
But Germany 's forecasts that the ECB anticipates 2.6% for the year and 2.5% in 2018 are far from optimistic for the EU.
Especially for French centrist president Emmanuel Macron, French unemployment is expected to stabilize around 9.4% by mid-2018, its lowest level since early 2012.
Unemployment was a constant thorn in the camp of Macron's socialist predecessor, Francois Hollande, who failed to move the needle much less than 10% during his only term in power.