On a slippery path

The French economic recovery remains on track, though it becomes hard to bank on a strong acceleration given that the main recovery drivers were temporary in 2015. Higher employment growth remains necessary to support the recovery rhythm, while corporate investments should continue to recover. We expect GDP to grow by 1.4% in 2016 and 1.6% in 2017 after 1.1% in 2015.

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2016