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8 Articles
The war in the Middle East weighs heavily on the French economy, but François Villeroy de Galhau wants to be reassuring. If the Bank of France revises its growth forecasts downwards, however, it does not foresee a recession.
Among the three assumptions developed by the French institution, the most pessimistic is based on inflation of 3.3% in 2026 and growth of 0.3%.
The Bank of France (BdF) has lowered its forecast of growth in French gross domestic product (GDP) to 0.9% in 2026 and 0.8% in 2027, against the background of rising energy prices in connection with the Middle East war. In its "baseline scenario", the least pessimistic considering the surge in oil prices "would be only temporary, which would correspond to a relatively rapid resolution of the conflict", the French central bank forecasts GDP growt…
The monetary institution has revised its growth forecasts for the next few years downwards, citing the deterioration of the international context and the pressure on energy costs. The Bank of France has presented an update of its macroeconomic projections, marked by a darkening of the outlook. The institution now anticipates an expansion of the [...] The article The Bank of France tempers its economic prospects in the face of geopolitical tensio…
On Wednesday 24 March, the Bank of France revised its economic projections downwards and projected a growth limit of 0.9% in 2026 instead of 1%. François Villeroy de Galhau cited the war in the Middle East and the surge in energy prices as factors for the slowdown of the French economy.
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