Analysis by Region - Europe - France
We have raised our 2022 GDP growth forecast for France by 0.4ppts to 2.7% after a 0.5% q/q GDP expansion in Q2 beat expectations. Services exports, investment, and inventories were the main drivers, more than offsetting a new contraction in consumption and exports of goods. However, the near-term outlook has worsened amid persistent high inflation, rapidly falling confidence, and energy supply worries over the winter. We therefore expect the economy to slow sharply from Q4, prompting us to cut our 2023 GDP growth forecast by 0.2pts to 0.9%. Risks to the outlook remain titled to the downside.
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook