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Global Macro-Market Outlook

France: Q3 2010 Outlook

By Katharina Jungen
Jul 10, 2010 | Last Updated

Real GDP (% change y/y)
2010 2011
1.2 1.0
 
CPI (% change y/y)
2010 2011
1.4  1.5 
  • Driven by robust export growth, France should continue to recover in 2010 in spite of weak private demand and fragile investment activity.
  • The French government needs to step up its fiscal consolidation efforts to reduce the pressure on France’s sovereign rating.
  • Inflationary pressures will remain moderate in 2010/11 in light of high unemployment and low capacity utilization rates.

Outlook Update: Moderate Economic Upswing in 2010, Loss of Momentum in 2011[...]

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