
Protester laying down as dead with the French Flag on top, Paris
Shortly after slashing its assessment of economic growth, in the final quarter, in half, the central bank has cut overall growth on Thursday. Meanwhile, the regulator remains optimistic about unemployment which they expect will continue to fall.
While the new figures show that the economy is expected to slow just 0.1 percent in 2018 and 2019 compared to previous assessment, in real money the sum is quite significant. It may cost the protest-riven EU country up to $28 billion based on the IMF forecast for the country's GDP for 2018 of almost $2.8 trillion.
"Overall the more the movement lasts, the bigger the loss for the French economy," Governor of the Bank of France, Francois Villeroy, told French business newspaper Les Echos.














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