Central Banks
French Growth to Get a Lift From Olympics, Bank of France Says
- Institution forecasts GDP will rise between 0.35% and 0.45%
- Monthly survey shows that business uncertainty has eased
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The Paris Olympics will drive an acceleration in French economic growth in the third quarter, according to a monthly survey by the country’s central bank.
The Bank of France said GDP is set to increase between 0.35% and 0.45%, compared with 0.3% expansion in the two previous periods, thanks to revenue from ticket sales for the Games and TV rights contracts. The full impact on activity has yet to be assessed, it added.