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Paris economic and real estate outlook – July 2011

Economy: slowdown and financial turbulence

According to the latest results published by INSEE at the end of June, GDP growth rate in France was finally revised downwards by 0.1% in the 1st quarter. Forecasts for the 2nd quarter show a slowdown in growth at +0.2% before a recovery in the 3rd and 4th quarters. Overall, no matter the organisation (INSEE, OECD, IMF, EC), the GDP growth forecasts for France converge between +1.8 and 2.2% for 2011.

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