Lhe latest INSEE forecasts for the French economy contain both good and bad news for the government. The good news is that average annual growth in 2022 could be in line with its forecast of 2.5% of GDP, which should help it meet its targets of reducing the deficit to 5% of GDP this year: l The institute now forecasts that it will reach 2.6%. In its latest forecast, INSEE was counting on 2.3%.
The bad news is that this good surprise is due to what happened in the second quarter, which was better than expected (+0.5%). On the other hand, the growth in activity should slow down over the last six months of the year, with a third quarter showing slight growth of 0.2%, before zero growth in the fourth quarter. A revision to…
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