RaboResearch - Economic Research

Country Report

Country Report France

In the short-term, low oil prices and the weak euro will support economic growth. But the French economy also faces many structural challenges, including a relatively weak competitiveness position, high unemployment and weak public finances.

Economic Update

France: at last, economic growth

Real GDP growth in France increased by 0.3% q-o-q in the third quarter of 2014. We expect private consumption to keep growing and act as the main driver of growth in 2015.

Economic Update

France: recovery remains weak

Recent data show that the French economy did not grow in the first half of 2014 and the outlook for the second half is muted. Furthermore, the labour market remains weak and we expect unemployment to decrease at the end of 2015.

Economic Update

France: recovery stuck in the starting blocks

The French economy registered growth of 0.0% in 2014Q1 q-o-q, caused by weak consumer spending, poor business investment and declining net exports. We expect these trends to continue and expect therefore a very modest recovery going forward.

Country Report

Country Report France

In the short-term at least, further fiscal austerity and weak employment growth will continue to constrain economic growth. Furthermore, the French economy faces many structural challenges, but still has robust fundamentals.