bank of france forecasts economic stagnation in fourth quarter

The economy is expected to experience zero growth in the fourth quarter, according to the Bank of France. This lack of growth is attributed to the diminishing impact of the Paris Olympics, which had previously contributed to growth in previous months.

The central bank's survey of company executives in October suggests that while there may be a slight increase in underlying economic activity towards the end of the year, the comparison to the third quarter's performance will result in a 0.2 percentage point reduction in overall expansion.

The cautious outlook is also influenced by political uncertainties, which businesses are currently navigating. The Bank of France's assessment emphasizes the challenges faced by the economy as it transitions from the temporary boost provided by the Olympic events, indicating a period of adjustment ahead for various sectors.

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