France sees 0.5 per cent GDP growth

In the first quarter of the year, France saw GDP growth of 0.5 per cent. This is higher than the originally anticipated growth of 0.4 per cent, according to the Guardian. The publication suggested that business development is driving growth. This increase placed the country ahead of Britain, which only grew 0.2 per cent.

This is paired with the additional good news that President Macron plans to reduce the deficit to under 3 per cent of GDP. This is a drop from the previous year, which saw a deficit of 3.4 per cent.

The European Union set a 3 per cent cap for deficits for each country. In order to hit this 3 per cent cap, President Macron is focusing on cutting expenses for the upcoming year. In order to do that, France may have to lower the number of individuals in government jobs.

"The real work will have to be done ministry by ministry and administration by administration to assess what is really essential," said Prime Minister, Edouard Philippe.

However, this good news suggests that France is recuperating from the global financial crisis, as GDP growth has increased since 2014.

France reported higher than expected growth for the first quarter of 2017.