Forecasts

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World Economic Outlook in Autumn 2024: Monetary Easing and Geopolitical Tensions

DG Trésor predicts that global growth will reach 3.2% in 2024 and 3.4% in 2025. Increasing activity reflects the impact of monetary easing and the rebound in trade. Global activity is projected to be driven primarily by emerging economies despite the slowdown in China. In advanced countries, growth is envisaged to remain strong in the United States and more moderate in the euro area. Geopolitical... Lire la suite

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World Economic Outlook in Spring 2024 Moderate and Uneven Growth

DG Trésor projects that the global economy will expand by 3.1% in 2024 and 3.2% in 2025. This growth rate is slightly higher than expectations from the summer but remains below the pre-pandemic average, underscoring the effects of monetary tightening and geopolitical uncertainties. Growth in advanced economies is expected to be moderate, with significant disparities among countries. Meanwhile, eme... Lire la suite

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World Economic Outlook in Autumn 2023: The Economy is Holding Out Against Rising Interest Rates

Global economic activity should hold up better in 2023 than forecast in the spring, but growth should be below its pre-crisis average in both 2023 and 2024. While activity in some economies should continue to benefit from catch-up effects, growth in advanced countries should be held back by the rise in financing costs. In the emerging countries, economic activity is likely to remain dynamic, despi... Lire la suite

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Public Deficit on Target in 2022 Despite the Energy Crisis

The 2022 public deficit stood at 4.7% of GDP, which was similar to the target stipulated in the 2022 Budget Bill drafted in the third quarter of 2021. This Bill could not foresee either the scale of the 2022 energy shock nor that of the measures implemented to support households and businesses. On the other hand, the capacity to revise forecasts rapidly and determined adherence to deficit commitme... Lire la suite