Economics
French Economy Set for Firmer 2021 as Restrictions Hurt Less
- Bank of France revises up its 2021 GDP growth forecast
- Villeroy sees return to pre-crisis GDP level in spring 2022
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The French economy is weathering the Covid pandemic and government restrictions better than previously forecast, putting it on a path to stronger growth this year, the Bank of France said.
Activity fell less than the central bank initially expected at the end of 2020 as household and business investment held up despite the lockdown in November. The central bank expects stronger growth in the second half of this year as health restrictions are lifted and vaccines slow the pandemic.