Bank of France to Cut Growth Forecasts After First-Quarter Dip
7 Articles
7 Articles
Bank of France Governor François Villeroy de Gallo announced that new economic projections for 2026 will be lower than previous expectations, with continued uncertainty in the global economy.
After the 0.1% decline in French GDP in the first quarter, the Bank of France will revise its growth forecasts downwards by 2026. Its governor, François Villeroy de Galhau, evokes a context marked by severe economic uncertainties.
These new forecasts follow INSEE's announcement of a decline in gross domestic product in the first quarter of the year. The Bank of France will reduce its growth forecast for 2026 in mid-June.
François Villeroy de Galhau, said these new estimates, expected in mid-June, will be lower than the forecast of 0.9% published in March.
Bank of France to cut growth forecasts after first-quarter dip
Bank of France governor Francois Villeroy de Galhau said the slowdown is affecting exports, household spending and business investment. (EPA Images pic) PARIS: France’s central bank will cut its economic growth forecasts in coming weeks, its outgoing governor said Monday, after GDP contracted in the first three months of 2026 due to the Middle East war. “There are several scenarios but the 2026 growth forecasts, given the unpleasant surprise in …
The Bank of France will lower its growth forecast for 2026 in mid-June, after INSEE announced on Friday that French gross domestic product (GDP) had fallen by 0.1% in the first quarter, announced on Monday...
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