Current Account in France

France Current Account | Economic News & Forecasts

France - Current Account

First-half growth came up short of expectations, moderating from last year’s snappy outturn as weak household spending restrained economic gains. Despite steady job creation, the effects of higher inflation—resulting from the rise in oil prices amidst the U.S. withdrawal from the Iran nuclear deal—and new indirect taxes ate into consumers’ purchasing power through June and contributed to this year’s deterioration in consumer sentiment. Moreover, this year’s slowdown was made more acute by the ongoing unwinding of global trade, which weighed on industrial output and broader business sentiment in the second quarter as fears over a full-blown global trade war compounded. Meanwhile, available data for the second half of the year has been a shade brighter as the economy moved past early-year weather- and strike-related setbacks. Most survey-based data ticked higher through August as firms cheered stronger homegrown demand, opening the door for a modest recovery in industrial output before year-end.

France - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-0.5  -1.0  -0.4  -0.8  -0.5  

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France Current Account Chart

France Current Account
Note: Current account balance as % of GDP.
Source: Bank of France and Met the why particular calculations.

France Facts

Bond Yield0.740.46 %Sep 20
Exchange Rate1.180.65 %Sep 20
Stock Market5,452-0.29 %Sep 20

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