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Macro - Country Economic Forecasts - France

Publisher Oxford Economics
Published Mar 23, 2022
Length 11 Pages
SKU # OFE17066403

Description

Macro - Country Economic Forecasts - France

The Russian invasion of Ukraine and its inevitable economic consequences have prompted significant revisions to our forecasts. We have cut our 2022 GDP growth forecast for France by 0.4pp to 3.0% and by 0.1pp in 2023 to 2.0%. Inflation is now seen at 3.8% this year. And given the high uncertainties, further revisions are likely, especially if energy prices stay higher for longer, while the sanctions imposed by the west against Russia are yet to be completed.

Table of Contents

11 Pages
France: War in Ukraine dampens the outlook
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy -Politics

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