The French economy is growing by 0.3% in the first quarter of 2019.

That is a slightly lower growth, compared to the previous quarter, than predicted by the French national planning agency (Insée). But it shows the good resistance of the French economy despite the slowdown in growth in Europe. French economic growth is mainly caused by the increase in domestic demand. The 10 billion euro emergency measures package, which was introduced under pressure from the yellow jackets, the gilets jaunes, appears to have a positive effect on the purchasing power of French households. Investments by companies also grew by 0.5% compared to the previous quarter. The growth of French exports, however, has virtually fallen to zero, while imports increased by 0.9% in the first quarter of 2019. Exporters feel the slowdown in global worldwide growth and fear consequences of the Brexit. The French government is aiming for a growth of 1.4% of the Gross National Product for the entire year 2019. That is higher growth than the growth of 1.1% that the European central bank predicts for the entire eurozone.