The Banque de France still forecasts 0.2% growth for French economic activity in the first quarter of 2024. Achieving the 1% annual growth forecast by Bruno Le Maire “would require a little acceleration of activity over the quarters’ The first quarter would be “driven by market services, thanks in particular to household services, information, transport services and business services”.
“On the other hand, industry and construction would be in decline” over the quarter, adds the general director of statistics, studies and international of the institution. The Bank of France's forecasts for April, “activity would increase again in services, more slightly in industry and would deteriorate in the structural work of buildings”, says Olivier Garnier, the director of Statistics, Studies and International of the Banque of France, in its new economic report. The report was published on Thursday and is available on its website here: http://www.banque-de-france.org/.