Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

French Central Bank Upgrade Forecasts for Growth and Inflation


March, 16 2018
watermark Economic news

On Thursday, the Bank of France had an upward revision of its forecasts for growth and inflation, as the central bank expects for a strong reversal in French exports for this year along with the increase in consumer expenditure and firm investment. While forecast for this month further shows an expansion on  2018 economic growth from 1.7 percent to 1.9 percent in December. Inflation was lifted by prices of energy and tobacco and was able to attain 1.6 percent this year compared with the December forecast of 1.4 percent.


The bank’s bullish economic outlook highlighted the strengthening French economy that surprised many economists. The robust business investment in December supported the economic growth for last year, as it reached 2 percent, while business polls earlier this year showed that activity came in stronger than the anticipated results.


Moreover, the central bank reduced its unemployment views from 9.6 percent to 8.9 percent in December followed by a steep decline in the rate at the end of 2017. However, the bank appears to be leery in the longer term, slashing its growth projection from 1.8 percent to 1.7 percent. Also, the central bank predicted that the euro will gain strength to soften the export demand. Likewise, the bank believes that the growth forecast would improve even after this year but it depends on the effect of the economic overhaul. While President Emmanuel Macron imposed revisions to labor laws and corporate tax reductions.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.