France’s Economy Seen Dodging Onset of Recession This Year
- Bank of France survey suggests slight growth in fourth quarter
- French firms expect impact of energy crisis to intensify
The flags of France and the European Union outside the Banque de France in Paris.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
The French economy will likely keep growing at a meager pace in the final quarter of this year, staving off a recession that economists expect to engulf Europe as the energy crisis deepens during winter, a Bank of France survey showed.
The central bank’s monthly poll of 8,500 firms showed activity advanced in October in both industry and services, and was close to stable in construction. The trend is seen continuing in November, suggesting there’ll be a “very slightly positive” reading for fourth-quarter economic output.