After a 2% growth finally recorded by INSEE, which is 0.1 point more than the institute’s previous estimate, while the government had based its finance bill on a 1.7% increase, the government finds room for maneuver, if only to repay the debt and remain below the 3% deficit threshold desired by Brussels.
The result for 2017 is therefore solid, even if it remains below the average in the eurozone, which stood at 2.5% for last year.
And for the year 2018? INSEE provides no estimate for the moment, except for the first two quarters: 0.5% and 0.4% respectively. The OECD, on its part, announced a growth forecast of 1.8%, compared to 1.9% for the IMF.
The government, always cautious, is working on a hypothesis of 1.7% but again, there is nothing to say that good news will not come by the end of the year…
