Market News
PARIS, Sept 18 - 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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
French central bank raises 2023 growth outlook, trims 2024 and 2025PARIS (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 ...
Read more »
Prince George’s Jim Terrion achieves goal of climbing Mt. Terry FoxJim Terrion hopes to raise $1 million for the Terry Fox Foundation by 2024
Read more »
I asked ChatGPT about Polkadot’s price as 2024 draws nearChatGPT predicts that DOT’s price could hit $100 or even $150 in 2024. But its metrics point towards a further bearish movement.
Read more »
Don’t Bet on ECB Rate Cuts in First Half of 2024, Kazaks Says(Bloomberg) -- Betting that the European Central Bank cuts interest rates in the first half of next year would be a mistake, according to Governing Council member Martins Kazaks.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskUltra-Rich Buy Ultra-Luxury Counseling to Get Kids Into HarvardBillionaire Case Bets on Superfast Jet, AI Beyond Silicon ValleyCanada Postpones Trade Mission to India With Tensions On RiseDisney Talks on ABC Sale Heat Up as Byron Allen Mak
Read more »
Morgan Stanley’s Wilson Says Clients See Tough 2024 for StocksAfter a sharp stock rally this year on the back of resilient economic growth, investors now have a more negative outlook for risk assets in 2024, according to Morgan Stanley’s Michael Wilson.
Read more »