Sputnik reported today on the most recent economic forecast from the Bank of France for the coming months. “After showing good resilience during most of 2022, activity will go through two distinct phases: a sharp slowdown from this winter, followed by an easing of inflation tensions and a gradual recovery of economic growth in 2024 and 2025,” the Bank of France stated. It also emphasized that much of the downturn would be due to the continued instability around gas supplies.
Sputnik went on to report, “The Bank of France made this assessment following the publication of a report by the statistics agency INSEE, which in particular pointed to the following:
“France’s economy will contract 0.2% in the final three months from the previous quarter.
“A series of refinery strikes in October cut car fuel supplies while maintenance issues at France’s aging fleet of 56 nuclear reactors reduced their power output to a 30-year low.
