Central Banks
French Businesses Stuck in Uncertainty Due to Budget Impasse
- Bank of France sentiment gauge shows persistent doubts
- Central bank reiterates estimate of zero fourth-quarter growth
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French businesses continue to face heightened uncertainty from the country’s prolonged budget crisis, contributing to a sluggish economic outlook, the Bank of France said.
The level of doubt remained high across all sectors in the central bank’s monthly survey, published on Monday, and business leaders judged their order books to be low.