Brief France Oxford Economics

23 Jul Country Economic Forecast 2014 France France Highlights  France continues to disappoint and to underperform  Furthermore, the external competitiveness of France vis-à-vis its Eurozone peers. The 1.7% drop in has continued to deteriorate since the beginning of industrial production in May versus April was larger the year. France is now posting the highest trade than in Italy and the sharpest in over 20 months. Both deficit of the large Eurozone countries. Its market investment and consumer goods production were share of exports outside the Eurozone has eroded down, with overall manufacturing production falling by further, limiting thereby the benefits from the modest 2.3% compared to April. Against this backdrop, we ongoing recovery of world trade. Exports are set to have revised down slightly our GDP forecasts: we grow by just 3% on average in 2014-2015. have cut the 2014 forecast to 0.6% from 0.7%, and  Meanwhile, earnings before taxes posted by French the 2015 forecast to 1.1% from 1.2%. companies have stagnated, in contrast to the rest of  Looking into the second half of the year, a gloomy the Eurozone.