Bercy is banking on the decline in inflation to revive economic activity

2023-10-31 19:26:40

Published on Oct. 31, 2023 at 4:26 p.m. Updated on Oct. 31, 2023 at 6:26 p.m.

French growth is slowing down. In the third quarter, GDP increased by a small 0.1% in France as expected by economic forecasters, notably under the effect of the poor performance of foreign trade, indicated this Tuesday INSEE which revised to the increase in activity growth in the second quarter to +0.6%. The 1% growth objective planned by the government for the whole year should nevertheless be achieved.

But the equation in 2024 already looks more complicated, even if the Minister of the Economy Bruno Le Maire welcomes “a French activity that is holding up”. The year should start with weak growth, estimated at 0.3% by INSEE (subject to an increase in GDP of 0.2% in the fourth quarter). Cautious, economists on average forecast an increase in GDP of 0.8% next year.