PARIS (Reuters) - France's economy will grow slightly less than expected in the next two years due to weakness in its main trade partners, the central ...
PARIS - France's economy will grow slightly less than expected in the next two years due to weakness in its main trade partners, the central bank said on Monday, but it raised its 2023Halifax Urban Folk Festival on both sides of the harbour | SaltWirePARIS - France's economy will grow slightly less than expected in the next two years due to weakness in its main trade partners, the central bank said on Monday, but it raised its 2023 forecast after a surprisingly strong second quarter.
The improved outlook was due mainly to better-than-expected second-quarter growth of 0.5%, a figure that was boosted by refineries restarting after strikes, nuclear power output coming back on line after maintenance and the delivery of an oceanliner. Although consumer spending is expected to improve in the coming two years as inflation subsidies, a weak outlook for the German economy - France's main trade partner - and sluggish growth in China were expected to limit gains, the central bank said.
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