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Macroeconomic projections

In order to contribute to the national and European economic debate, the Banque de France periodically publishes macroeconomic forecasts for France, constructed as part of the Eurosystem projection exercise and covering the current and two forthcoming years. Each publication comprises a summary of the projections. Some also include an in-depth analysis of the results, along with focus articles on topics of interest.

December

Publication Economic projections
Macroeconomic projections – December 2020
By Cancé Raphaël, Castelletti-Font Barbara, Cochard Marion, Gebauer Stefan, Honvo William, Hubert Olivier, Kalantzis Yannick, Levy-Rueff Guy, Lor-Lhommet Emilie, Ouvrard Jean-François, Perillaud Simon, Roccella Laura, Rouvreau Béatrice, Sabes David, Schmidt Katja, Thubin Camille, Ulgazi Youssef, Vertier Paul, Vu Thao
  • Published on 12/15/2020
  • 14 pages
  • EN
  • PDF (4.73 MB)

September

Publication Economic projections
Macroeconomic projections – September 2020

French GDP is projected to contract by 8.7% in 2020. After the steep drop in output in the second quarter and sharp rebound in the third quarter, the recovery is now expected to become more gradual, following a trajectory in the shape of a “bird’s wing...

By Cancé Raphaël, Castelletti-Font Barbara, Cochard Marion, Delorme Marie, Hubert Olivier, Kalantzis Yannick, Lemoine Matthieu, Levy-Rueff Guy, Lor-Lhommet Emilie, Ouvrard Jean-François, Perillaud Simon, Rouvreau Béatrice, Sabalot Paul, Sabes David, Schmidt Katja, Thubin Camille, Ulgazi Youssef, Vertier Paul, Vu Thao
  • Published on 09/18/2020
  • FR
  • PDF (316.76 KB)

June

Publication Economic projections
Macroeconomic projections – June 2020

▪ Following a contraction in the first and second quarters of 2020, French GDP is expected to pick up in the second half and continue to improve in 2021 and 2022. ...

By Aldama Pierre, Cancé Raphaël, Cochard Marion, Delorme Marie, Honvo William, Kalantzis Yannick, Levy-Rueff Guy, Lor-Lhommet Emilie, Ouvrard Jean-François, Perillaud Simon, Rouvreau Béatrice, Sabalot Paul, Schmidt Katja, Sigwalt Antoine, Thubin Camille, Ulgazi Youssef, Vertier Paul, Vu Thao
  • Published on 06/09/2020
  • 13 pages
  • EN
  • PDF (5.97 MB)