Bank of France expects the country’s economy to grow by 0.3% in the second quarter

The Bank of France predicts that in the second quarter of 2018 the country’s GDP will grow by 0.3%, maintaining the growth rate of the first quarter. The forecast of the Bank of France is based on the data of a monthly survey, which makes it possible to assess the business activity in the country. As reported in the report of the Central Bank, the growth rate of the economy slowed compared to the fourth quarter of 2017, when the recovery was at the level of 0.6%. The confidence index in the service sector and the manufacturing sector declined in April to 102 points from 103 points in March. The indicator of confidence in the construction sector was 104 points, dropping from 105 points a month earlier.

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