Banking
French growth on track despite latest COVID surge -central bank
Published by maria gbaf
Posted on January 12, 2022
1 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on January 12, 2022
1 min readLast updated: January 28, 2026
The French economy is stable despite a COVID-19 surge, with activity at +0.75% of pre-pandemic levels, according to the Bank of France.
PARIS (Reuters) – French economic activity is holding up this month despite the latest wave of COVID-19 outbreaks sweeping the country, the central bank said on Tuesday.
Drawing on its latest monthly survey of 8,500 French firms, the Bank of France estimated that economic activity was running at +0.75% of pre-pandemic levels this month, unchanged from December.
France has seen a resurgence of COVID-19 infections over the last month with new cases hitting record levels as the omicron variant of the coronavirus became dominant, prompting the government to tighten health restrictions again.
The central bank estimated that the economy grew 0.6% in the final quarter of 2021, which meant, it said in its latest short-term outlook, that its forecast of 6.7% growth for the full year was probably correct.
The bank said that with firms expecting business to be stable in January, carrying over from December, the economy remained on course for the 3.6% growth forecast last month for this year.
(Reporting by Leigh Thomas; Editing by Mark Heinrich)
The main topic is the stability of French economic growth amid a COVID-19 surge, as reported by the Bank of France.
The French economy is performing steadily, with activity at +0.75% of pre-pandemic levels despite the COVID-19 surge.
The growth forecast for the French economy in 2022 remains at 3.6%.
Explore more articles in the Banking category
