The Bank of France raises its growth forecast for the second quarter to around 1%. The rebound of the French economy is more significant than anticipated in the second quarter.

The Bank of France significantly revised upward its forecast for French economic growth in the second quarter on Wednesday, to around +1%, compared to a previous +0.5%, estimating that the lifting of health restrictions had allowed a more substantial rebound in activity than anticipated.

The central bank maintained its growth forecast for the entire year 2021 at 5.75%, considering the French economy to be quite resilient in the face of a possible fourth wave of the epidemic.

The European Commission also raised its growth forecast for France on Wednesday to 6% for 2021, as did Insee last week.

The French government, for its part, remains with a forecast of 5% at this stage.