Activity awaiting renewed confidence Economic Outlook - December 2024

 

Conjoncture in France
Paru le :Paru le20/12/2024
Conjoncture in France- December 2024
Consulter

Focus - Poor harvests in France are expected to cost 0.2 points of annual growth in 2024

Climatic conditions in 2024 were very unfavourable for agricultural production, especially crop production. Heavy rainfall in the winter of 2023-2024 resulted in a sharp decline in cultivated areas, and following this, the lack of sunshine and excess humidity during spring 2024 led to a collapse in yields, especially cereals (wheat, barley). Wine production was also down in 2024. Thus, production in the agricultural branch as a whole is expected to fall by 3.6% in 2024. In 2025, assuming a return to normal for crop cultivation, it should increase by 2.5%.

The value added of the agricultural branch looks set to fall back more sharply than production in 2024, due to less volatile intermediate consumptions, it should then also rebound more strongly in 2025. All in all, the agricultural branch is expected to take about 0.2 points off gross domestic product growth in 2024, and make a positive contribution of 0.1 points in 2025...

Conjoncture in France

Paru le :20/12/2024