Macro Snapshot — France sees positive economic growth in 2022; Fed to steam ahead on rate hikes
RIYADH: Despite the current instability due to war and rising inflation, France is expected to witness positive economic growth in 2022.
France’s finance minister said on Sunday he expected positive growth for 2022, but would revise economic forecasts at the start of July.
“It is clear that with the war in Ukraine, inflation, all that will put into question the forecasts, but we will have positive growth in 2022,” Bruno Le Maire told Europe 1 radio.
The current forecast sees the economy growing by 4 percent in 2022.
Pakistan expects GDP growth to slow
Pakistan’s gross domestic product growth will slow to 5 percent for the upcoming fiscal year beginning on July 1, from 5.9 percent in the outgoing year, following budgetary tightening aimed at winning International Monetary Fund support, the government said on…