On BFMTV, François Villeroy de Galhau, governor of the Banque de France, made a cautious speech on Tuesday about the country’s economic situation. Eschewing both catastrophizing and supernaturality, he acknowledges that the Russian invasion of Ukraine was “bad news for the economy.” But he argues that the economy has held up better than feared.
Will France escape a recession in 2023? For the Governor of the Banque de France, it is “probable”.
According to him, if a slowdown in the economy is inevitable, France and Europe should escape a “collapse of the economy, a collapse, the economy stabilizes.” “2022 has been a year of resilience, 2023 will be a slowdown, but 2024 will be a year of recovery,” says the governor of the Banque de France.
Source: BFM TV
