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The Banque de France doubles its growth forecast in France to 0.6% for 2023

The Banque de France on Monday doubled its growth forecast for 2023 in France and now expects a 0.6% increase in gross domestic product (GDP).

The Banque de France doubles Monday its forecast of croissance for 2023 in France and s’attend désormais à une progression de 0.6% du produit intérieur gross (GDP), against 0.3% of croissance annuelle envisagée dans its précédentes projections published in December.

On the inflation front, the central bank, on the other hand, lowers its forecast for 2023 and anticipates a peak rise in food prices “towards the end of the first semester”, before a slowdown linked to “the easing expected for the price of agricultural inputs (…) and the international prices of agricultural raw materials”.

Lower inflation to 2%

this Monday, the France InterFrançois Villeroy de Galhau, governor of the Banque de France, said he was determined to reduce inflation.

On the sharp rise in food prices, more than 15%, the governor of the Banque de France wants to be reassuring.

Author: PS with AFP
Source: BFM TV

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