French growth barely 1% until 2022
The bank of France has revised earlier projections downwards to forecast continued near-recession levels of growth until the end of President Emmanuel Macron’s term in 2022. The second-largest economy in the Eurozone is predicted to achieve annual growth rates over the next 3 years of just 1.3 or 1.4%. The report did not take into account the new certainty of sustained higher oil prices, nor could it predict the effect of a no-deal Brexit, or how household spending will be affected by likely another austerity budget for 2020. The report ...
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