http://www.bbc.co.uk/news/business-21379071
In this article, it summarizes the predictions made by the French government's outlook on their economy. They are speculating that it will experience .8% growth, and should be on the rise. This rise coupled with the fact that according to the Bank of France that the business confidence indicator is the highest it has been in a year, and they forecast the future output to be on the rise as well. This prediction differs from experts who seem to believe that France will be and has been on a sharp decline since 09' when their manufacturing data or output made its sharpest decline.
France still remain's second largest economy in EU but the economic environment remains unstable adding to the sharper cuts in employment, purchasing and input stocks. The unemployment in the region remains at its highest (11.7 percent) and uncertainty in the value of euro adds worries for the future.
ReplyDeleteThe article or the central bank according to this article doesn't offer much evidence to support their prediction of the growth in the French economy other than the business confidence indicator. I feel like this is just a move by the central bank in hoping that it will stimulate the economy to some extent.
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