Reported 29 days ago
The Bank of France highlighted that the Olympic Games provided a positive impact on the service sector in August, contributing to an estimated underlying growth of 0.1-0.2% for the third quarter. While the Games are expected to add another quarter percentage point to growth, concerns remain due to a political crisis affecting other sectors, particularly manufacturing and construction. The forecast anticipates a reversal to a 0.1% contraction in the fourth quarter as the Olympics' influence diminishes.
Source: YAHOO