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France’s Economy Is Back to Pre-Covid Levels and Still Growing

  • Bank of France sees fourth quarter growth around 0.75%
  • Supply difficulties are stabilizing in industry, survey shows

French economic activity reached a level in August not seen since before the Covid-19 pandemic and has continued rising since, aided by a strong recovery in the service sector, according to a Bank of France’s survey of businesses. 

Economic output was about 0.5% above early 2020 levels in October and will rise again in November, putting the euro area’s second-largest economy on track for roughly 0.75% growth in the final quarter of the year, the estimates show.