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Economic-outlook

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Review of the French Government’s Economic Forecasts for 2024

Rédigé par : Jacques Le Chevallier, Laura Lindegaard, Manon Neau

Amid the post-COVID return to economic normalcy in the summer of 2023, in drafting the 2024 Budget Bill the government projected that GDP growth would bounce back to 1.4%. A series of new external shocks (deterioration in the international environment, rising interest rates and uncertainty) ultimately penalised 2024 growth recovery, which was weaker than expected overall (+1.2%).... Lire la suite

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Trésor-Eco

Review of the French Government’s Economic Forecasts for 2023 and 2024

Rédigé par : Lorraine Chouteau, Yannis Messaoui, Gaëlle Pécresse

Despite major uncertainty in summer 2022, when the 2023 Budget Bill was being drafted, the French Treasury forecast GDP growth of 1.0%, almost matching the final estimate from INSEE (0.9%). The scenario’s key assumptions, in particular an uninterrupted energy supply and an upturn in aircraft manufacturing and electricity generation, were confirmed. The 2024 Budget Bill forecast for GDP growth for... Lire la suite