French economic growth forecast for 2024 confirmed at 0.9% - Villeroy

Commenting on the prospects for French inflation, Villeroy said: "Inflation should ease below 3% within a few months...before mid-2024, and inflation will be back to 2% by 2025...

France's economic growth is slowing but it is more robust than expected, backing the French central bank's previous estimate of 0.9% for 2024, ECB policy maker and head of the Bank of France Francois Villeroy de Galhau said on Thursday.

"France will not be in a recession in 2024," Villeroy told France 2 television. Commenting on the prospects for French inflation, Villeroy said: "Inflation should ease below 3% within a few months...before mid-2024, and inflation will be back to 2% by 2025... This is the commitment we are making," he said.