Europe & Russia: Economic overview

Europe’s major economies are struggling to grow and will see limited improvement next year.

France’s GDP growth will be flat this year, according to the latest outlook from the International Monetary Fund. The country’s economy will expand by 1.1% in 2016 and could see slight improvements in 2017, when GDP is forecast to grow by 1.3%. Weak industrial output is weighing on the country’s economic growth, and despite low oil and gas prices providing support, expansion will remain moderate through 2018 – when GDP growth is forecast to rise to 1.5%. France’s gas demand received a boost from the cold weather in April, but the limited economic growth will do little to support gas market expansion this year.

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