6/22, 8:09 AM (Source: TeleTrader)
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Recession not expected in France in 2022 - ECB's Villeroy

European Central Bank (ECB) Governing Council member and Bank of France Governor Francois Villeroy de Galhau (pictured) noted on Wednesday that the country should not face a recession this year.

By 2024, the inflation rate should land below 2% in France and unemployment will remain "historically low," he told RTL France radio.

However, purchasing power is expected to fall by 1% in 2022, Villeroy de Galhau warned.

Baha Breaking News (BBN) / MS