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FRANCE: Banque de France Trims GDP Forecasts As Uncertainty Weighs

FRANCE
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  • Banque de France has revised its GDP growth forecasts lower for both 2025 (to 0.9% vs a prior forecast of 1.2%) and for 2026 (to 1.3% vs a prior 1.5%).
  • It now also then expects to see 1.3% growth in 2027.
  • “Domestic demand will be affected not only by fiscal consolidation measures, but also by the context of uncertainty surrounding them”.
  • “Household spending will only accelerate moderately after being lackluster in 2024 and the contribution from investment will remain negative.” 
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  • Banque de France has revised its GDP growth forecasts lower for both 2025 (to 0.9% vs a prior forecast of 1.2%) and for 2026 (to 1.3% vs a prior 1.5%).
  • It now also then expects to see 1.3% growth in 2027.
  • “Domestic demand will be affected not only by fiscal consolidation measures, but also by the context of uncertainty surrounding them”.
  • “Household spending will only accelerate moderately after being lackluster in 2024 and the contribution from investment will remain negative.”