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France’s potential growth following the Covid crisis
[Quelle croissance potentielle en France après la période Covid ?]

Author

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  • Antoine Devulder

Abstract

France’s potential GDP still bears slight negative effects of the Covid crisis in level terms, but it is estimated to have returned to its pre-crisis growth rate by the end of 2025. These effects are deemed to result from long-term productivity losses, partly offset by greater labour force participation. Over the coming years, potential growth is expected to decline slightly due to demographic factors. Le PIB potentiel français garderait, en niveau, de légères séquelles de la période Covid, mais aurait retrouvé, fin 2025, son rythme de croissance pré-crise. Ces séquelles résulteraient de pertes de productivité durables, en partie compensées par une plus forte mobilisation de la main d’œuvre. Dans les années à venir, la croissance potentielle devrait diminuer légèrement à cause de la démographie.

Suggested Citation

  • Antoine Devulder, 2026. "France’s potential growth following the Covid crisis [Quelle croissance potentielle en France après la période Covid ?]," Eco Notepad 455, Banque de France.
    • Handle: RePEc:bfr:econot:455
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