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French Market Insight: Year Ends Weaker Than Prior Year
The French economy narrowly avoided the bleak scenario of a recession at the end of 2023. After a negative third quarter, gross domestic product (GDP) is expected to slightly increase by +0.1% for the fourth quarter. The Bank of France has revised its growth forecasts downward for the last quarter, initially expected to be between 0.1% and 0.2%, it should remain very slightly positive, just avoiding a recession. Overall the Bank of France forecasts a growth of 0.9% for both 2023 and 2024,…
