Central Banks
Bank of France Flags Economic Doubts After Olympic Boost
- Central bank’s uncertainty indicator jumps in September
- Bank of France raises third-quarter GDP estimate to +0.45%
Tourists at the Louvre art museum in Paris, France, on Aug. 19.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
French business uncertainty rose in September amid concerns over domestic politics and geopolitical risks, dampening the outlook for the economy after the Olympic Games drove strong third-quarter growth, the central bank’s monthly survey showed.
The level of doubt increased in manufacturing, services and construction, according to the Bank of France poll of 8,500 business leaders, who cited concerns over fiscal policy as the new government debates broad spending cuts and tax increases.