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5/5, 8:30 AM (Source: TeleTrader)
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Villeroy: French GDP to grow more than 5% in 2021

Bank of France Governor Francois Villeroy de Galhau said on Wednesday that the bank expects the country's gross domestic product (GDP) to grow by more than 5% in 2021.

"We estimate a growth of more than 5% in 2021. A lot will depend on the confidence of consumers regarding vaccination and business leaders' confidence for investment and recruitment," Villeroy told BFM Business.

According to the French statistical office Insee, the country's economy grew by 0.4% in the first quarter but still remained 4.4% below pre-pandemic levels from the fourth quarter of 2019.

Breaking the News / NP