The French economy grew by 2% in 2017, its best performance since 2011, according to new estimates from the French National Institute of Statistics and Economic Studies (INSEE).

The increase is 0.1% higher than INSEE’s previous estimate in January, in the wake of buoyant levels of business investment (up 4.4%) and consumer spending (up 5.4%), as well as various other factors, including a rise in exports and a positive global economic outlook.

According to the OECD, the French economy is due to grow by 1.8% this year, while the IMF forecasts an increase of 1.9%. INSEE is expecting French GDP to rise by 0.5% and 0.4% in the first and second quarters of 2018, and will reveal its forecast for the full year ahead on March 20.