ECB’s Villeroy: French economy lags EU peers because it needs reforms

Bank of France Head and European Central Bank (ECB) Governing Council member Villeroy is on the wires now, via Reuters, making some upbeat remarks on the French economic growth, despite the downward revision to the growth forecasts for 2018 and 2019.

Key Headlines:

The French economy is still growing above the historical average.

But French economy lags EU peers because it needs reforms.

Sees France catching up with peers by 2020.

A rise in inflation this year is due to energy prices.

The world economy is not sheltered from the crisis.