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- Bank of France expects the French economy to expand at an average 1.2% in 2015
Bank of France expects the French economy to expand at an average 1.2% in 2015
The Bank of France released its growth forecasts on Thursday. France's central bank expects the French economy to expand at an average 1.2% in 2015, 1.8% in 2016 and 1.9% in 2017.
Low oil prices, a weaker euro and quantitative easing by the European Central Bank (ECB) is expected to support the economic growth.
The ILO employment rate is expected to increase to 10.3% in 2015 and to 10.1% in 2016.
The Bank of France forecasts the budget deficit to decline to 1.6% of GDP in 2015 and 2016 as a result of declining energy bill.
Increase in oil prices, a stronger euro and geopolitical tensions are downside risks to forecasts.
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