- Bank of France revises 2020 GDP forecasts to -8.7% from -10.3% previously estimated
Market news
14 September 2020
Bank of France revises 2020 GDP forecasts to -8.7% from -10.3% previously estimated
- Revises 2021 GDP forecast to +7.4% from +6.9% previously projected
- Revises 2022 GDP forecast to +3.0% from +3.9% previously projected
- Estimates economic activity running at 5% below normal levels
- Sees Q3 GDP rising 16% q-o-q after contracting 13.8% q-o-q in Q2
- Forecasts economy to shed 825,000 jobs this year; unemployment rate to peak at 11.1% in 2021
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