According to the October 2009 French economy forecast published by the International Monetary Fund (IMF), the country's economy will experience a contraction in excess of 2% in 2009.
In particular, the IMF predicts that the French real Gross Domestic Product (GDP) will decrease in 2009 at an average rate of -2.4%, following an increase of 0.3% in 2008 and 2.3% in 2007.
The French real GDP is predicted to grow slowly in 2010 at an average rate of 0.8%, but economic growth is predicted to accelerate to 1.8% in 2011 and increase to 2.2% by 2013.
The graph below presents historical and forecast real GDP growth rates for the French economy for the period 2004-2013.
French Economy Forecast October 2009
Sources: IMF,www.Property-Investing.org
IMF's October 2009 French economy forecast anticipates that inflation will decrease from 3.2% in 2008 to 0.3% in 2009 and then gradually rise above 1%, starting at 1.1% in 2010 and reaching 1.8% by 2012. The graph below presents historical and forecast inflation rates for the French economy.
French Inflation Forecast October 2009
Sources: IMF,www.Property-Investing.org
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