French economy expected to grow in second quarter, says Banque de France

french economy expected to grow in second quarter says banque de france

Sumary of French economy expected to grow in second quarter, says Banque de France:

  • In its economic update, the central bank relies in particular on the results of its monthly survey of 8,500 companies, whose leaders say they expect a slight improvement in activity in the service sector in June, an activity stable in industry, but a slight decline in construction.
  • PARIS (Reuters) – The French economy should avoid falling into recession at the end of the current quarter, after contracting over the period January-March, the Banque de France (BdF) said on Tuesday in its point of view.
  • After the decline in the first quarter, activity in Q2 would show resilience, that is to say that clearly there would be no recession in the French economy, said the chief economist of the Banque de France, Olivir Garnier, during a press briefing.
  • Picture taken June 10, 2022 REUTERS Sarah Meyssonnier The central bank expects the economy to grow 0.25% quarter on quarter over the April-June period, after contracting 0.20% in the first quarter.

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