During the fourth quarter of 2019, France’s GDP registered a year-over-year growth rate of 0.92%, decreasing with respect to the previous quarter. The main drivers of the performance of GDP in 4Q19 were the decelerations registered in both the internal and external demand. Regarding the labor market, the unemployment rate decreased with respect to the third quarter of the year, down to 8.10%, while the employment growth rate increased when compared to 3Q19, up to 0.04%. On the other hand, inflation registered a 1.10% rate, after an acceleration when compared to the previous quarter. The euro remained constant against the dollar, reaching an exchange rate of 1.11 $/€ during the fourth quarter.
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