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France's annual average growth likely to be 0.9% in 2023: INSEE

19 Sep '23
2 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • Economic activity in France is likely to be slow in 2023 second half, according to the National Institute of Statistics and Economic Studies.
  • The average annual growth this year is expected to be *.* per cent.
  • As an annual average this year, inflation is likely to stand at * per cent and core inflation at *.* per cent.
  • The morale of business leaders is weakening.

The pace of growth is expected to be *.* per cent in the third quarter (Q*) this year and *.* per cent in Q* after *.* per cent in Q*, bringing annual growth this year to *.* per cent on an average. At the end of ****, the growth overhang for **** is expected to be modest.

As an annual average this year, inflation is likely to stand at * per cent and core inflation at *.* per cent.

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