Current Account in France

France Current Account | Economic News & Forecasts

France - Current Account

The economy likely kept pace in the third quarter, after outperforming most of its European peers in the first half of the year. Household spending is expected to have accelerated in Q3 amid a sharp pick-up in consumer sentiment, an over one-decade low unemployment rate and subdued inflation; however, consumers’ relatively high saving intentions call for caution. Conversely, fixed investment growth likely moderated in the quarter as souring confidence in manufacturing deterred new projects, while flat merchandise export growth in July–August suggests that the challenging external environment continued to take its toll. In politics, Macron’s proposed pension reform, which aims to unify the numerous pension schemes and lower the retirement age, sparked backlash in September and threatens to rekindle civil unrest. Meanwhile, the government published its draft budget law on 27 September, which projects the lowest deficit in two decades, while also delivering modest expansionary policies.

France - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-0.5  -1.0  -0.4  -0.5  -0.6  

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France Current Account Chart


France Current Account
Note: Current account balance as % of GDP.
Source: Bank of France and FocusEconomics calculations.

France Facts

ValueChangeDate
Bond Yield-0.370.46 %Sep 04
Exchange Rate1.100.65 %Sep 04
Stock Market5,532-0.29 %Sep 04

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