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- Bank of France upgrades its first quarter growth forecast for the French economy
Bank of France upgrades its first quarter growth forecast for the French economy
The Bank of France Thursday upgraded its first quarter growth forecast for the French economy to 0.4% due to the growth in industrial production and stronger foreign demand.
The central bank had cut its forecast to 0.3% in March, down from a previous estimate of 0.4%.
The French economy grew 0.1% in the fourth quarter.
The European Commission forecast that the French economy will increase by 1% in 2015 and by 1.8% in 2014.
The French economy expanded 0.4% in 2014.
The French government has also estimated 1% growth for 2015.
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