Economics
Bank of France Sees Resilience Amid a Slowdown in the Euro Area
- GDP growth to outpace Germany and euro area: Bank of France
- France less impacted by trade, helped by Macron measures
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The Bank of France trimmed its 2019 growth forecast slightly and voiced confidence that the country will pull through the broader weakness in the euro area.
The economy of the single currency is in the doldrums after a sharp slowdown in Germany, a technical recession in Italy, and concern about trade disputes and a messy Brexit. The gloom prompted the European Central Bank to promise last week to keep interest rates unchanged for longer.