2023-12-19 20:13:23
By Anne de Guigné
Published 56 minutes ago, Updated 1 minute ago
Two job seekers in an employment center in Hautes-Alpes. THIBAUT DURAND/Hans Lucas via AFP
ANALYSIS – The cautious forecasts of the Banque de France and the executive expect a gradual economic recovery from 2025.
This is a sluggish scenario that the Bank of France is drawing for the French economy over the coming years. While inflation should gradually come back into line, economic activity would progress at a very slow pace. Growth in gross domestic product (GDP) would thus reach 0.8% in 2023, 0.9% in 2024, 1.3% in 2025 and finally a modest 1.6% in 2026.The disinflation movement occurs without recession, and even with a gradual restoration of growth.e,” insisted Olivier Garnier, chief economist of the Banque de France.
The economist thus prefers to see the glass half full. The forecast for 2026, however, appears very modest, while the efforts of the France 2030 recovery and investment plans should bear fruit by this time. The economy knowsdifficult navigation» since the coronavirus pandemic and the Russian invasion of Ukraine, recognized on France Inter the governor of the Bank of France, François Villeroy de Galhau, but “the…
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