French Recession Risk Eases as Main Sectors Show Resilience
- Bank of France survey shows 0.1% GDP growth in fourth quarter
- Industry and services expected to keep growing in January
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The French economy continued to grow at the end of 2022 and should avoid a contraction in the first weeks of the year despite headwinds from surging energy prices, a Bank of France survey showed.
According to the monthly poll of about 8,500 firms, activity advanced more than expected in the country’s main business sectors in December, bringing economic growth for the final quarter to around 0.1%. For January, company chiefs expect the expansion to continue in industry and services, and stabilize in construction.