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12th May 2022 00:10Eurozone, Daily Monitor

Survey data point to a relatively robust French economy, but we still see a slowdown in H2.

We expect 3.0 full-year growth in France in 2022, down 0.7pp from our previous forecast.

Consumption in France will suffer from higher inflation, but we’re betting on solid growth in capex.

capex construction deficit disposable income downside risks energy eu euro euro area exports france french economy gdp proxy imports inventories manufacturing net exports q1 q1 growth q2 q3 q4 real wage savings services activity services investment survey data surveys trade trade deficit

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