Bank of France lowers growth estimate to 0.1 per cent
The Bank of France (BoF) has today lowered its growth forecast to just 0.1 per cent for the third quarter, bringing its prediction in line with the country's statistics office's forecast of a flat performance.
The BoF 0.1 per cent is still slightly above INSEE's flat growth predication and full-year expectation of 0.2 per cent.
France came out of recession in the second quarter with growth of 0.5 per cent, but such strong growth may not be sustainable., and the country, despite shrinking its deficit over the year to €93.6bn, is still struggling to lower unemployment and boost growth.