The Bank of France raised its growth forecasts for the country this Friday: it now expects a 1.4% increase in GDP in 2017, a projection consistent with that of the European Commission.
Previously, the monetary institution had forecast 1.3% for this year, 1.4% for 2018, and 1.5% for 2019.
However, the growth rate is expected to experience a slight acceleration to 1.6% in 2018 and 2019.
This moderate optimism is mainly due to the improvement in the international environment, which is expected to stimulate external demand and support a rebound in exports.
However, the governor of the Bank of France, François Villeroy de Galhau, warned against any euphoria, reminding that the French economy remains lagging behind the eurozone, where the European Central Bank anticipates average growth of 1.9% this year.
Reforms remain an absolute necessity to accelerate and rejoin the pack.
