By Guest contributor
Anna Råman, Independent Economist, annaraman@hotmail.com

 

The French growth prospects for 2018 are solid and we expect GDP growth of 1.9%, up from 1.8% in 2017.  Exports have gained pace this year and investments are favoured by solid external and domestic demand, easy financing conditions, optimism ahead of major corporate tax cuts and a rebound in the residential construction sector. Households are supported by improving wage growth, low inflation and employment growth.

 

While the outlook for next year is bright, the longer-term prospects are uncertain. President Macron’s reform agenda give reasons for optimism, but it is still too early to judge whether it will be a band-aid or the intensive care the French patient needs for a full recovery.

 

Report:

France 2018 outlook