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Bank of France Predicts Zero Growth in Final Months of Year
The Bank of France expects the economy to stagnate in the fourth quarter after growth was boosted by the Paris Olympics in the previous three months and as the political situation continues to add to business uncertainty. Underlying activity should increase slightly at the end of the year, according to the central bank’s monthly survey of company chiefs for October and other indicators. But the comparison with the third quarter, when the Paris Games lifted output, will mechanically shave 0.2 percentage points off expansion. This would mark the first quarter in nearly three years in which France has failed to record ... (full story)