The governor of the Bank of France said on Friday that he cannot rule out a “limited recession” in France and Europe in 2023, in a context in which most analysts forecast a simple slowdown in activity.
THE The European and French economies will face a significant slowdown next year and we cannot rule out a limited recession”, said François Villeroy de Galhau in his speech at an event organized in Prague by the European think tank Eurofi.
However, should the French economy contract in 2023, a potential recession would “have nothing to do” with the historic drop in French Gross Domestic Product (GDP) in 2020 due to the Covid-19 pandemic, he said. the AFP to the AFP. Bank of France.
The recession would also be “Limited time”said the same source.
The governor’s statements are a warning after the National Institute of Statistics and Economic Studies (INSEE) published in the last economic report that it forecasts a slowdown to 0.2% GDP growth in the third quarter of this year.
For the last quarter of this year, the The Bank of France predicts that the country’s GDP will stagnate.
Source: Observadora
