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France: Encouraging outlook – ING

The French financial outlook nonetheless appears to be like encouraging as enterprise confidence surveys confirmed in November, in response to Julien Manceaux, Senior Economist at ING.

Key Quotes

“Hiring intentions stay excessive and if not all the time near their 2017 peak – are nonetheless very removed from their historic lows as seen above.”

“Subsequently, we count on the unemployment fee to proceed declining within the coming quarters. This, along with decrease oil costs, ought to enable for some personal consumption development acceleration in 2019. There is no such thing as a euphoria although as personal consumption development will probably be restricted at 1% this 12 months and may solely rebound by 1.5% in 2019 – not sufficient to keep away from GDP development decelerate.”


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