During the last quarter of 2018, France’s GDP registered a year-over-year growth rate of 0.92%, 0.39 p.p. lower than to the previous quarter. The main driver of the performance of GDP in 2Q18 was the deceleration of both the domestic and external demand. Regarding the labor market, the unemployment rate decreased by 0.30 p.p. with respect to the third quarter of the year, reaching 8.80%, while the growth rate of employment fell to 0.45%. The euro depreciated against the dollar, registering an exchange rate of 1.14 $/€. Finally, inflation registered a 1.90% rate.
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