Bank of France expects the French economy to expand at an average 1.2% in 2015

Noticias del mercado

5 junio 2015

Bank of France expects the French economy to expand at an average 1.2% in 2015

The Bank of France released its growth forecasts on Thursday. France's central bank expects the French economy to expand at an average 1.2% in 2015, 1.8% in 2016 and 1.9% in 2017.

Low oil prices, a weaker euro and quantitative easing by the European Central Bank (ECB) is expected to support the economic growth.

The ILO employment rate is expected to increase to 10.3% in 2015 and to 10.1% in 2016.

The Bank of France forecasts the budget deficit to decline to 1.6% of GDP in 2015 and 2016 as a result of declining energy bill.

Increase in oil prices, a stronger euro and geopolitical tensions are downside risks to forecasts.

European Central Bank (ECB) Governing Council Member Erkki Liikanen: the central bank will continue its asset buying programme until the annual rate of inflation close to but below 2%

German Chancellor Angela Merkel is confident conditions can be created to keep the U.K. in the EU

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