Central Banks
France Will Dodge a Recession This Winter, Central Bank Says
- Economy stronger than expected in January: Bank of France
- Companies are less concerned about energy and supply issues
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The Bank of France ruled out a recession this winter as its monthly survey showed stronger-than-expected growth despite a succession of external shocks.
Economic activity across all sectors progressed in January more than business leaders previously predicted, according to the poll of 8,500 firms. For February, they forecast that the pace will slow, with a slight progression in services, stability in industry and a decline in construction.