New Delhi: french economyis expected to get a boost from Olympic and Paralympic GamesAccording to the French central bank bank of france,
The central bank forecasts growth of about 0.5 per cent in the July-September quarter, with sports contributing up to 0.25 per cent to the expansion.
This projection matches estimates from France's statistics agency interiorwhich expects a 0.3 percent increase in the third quarter due to the Games, resulting in an overall growth of 0.5 percent for the quarter.
Earlier, there were concerns that the Games could have a negative impact on France's economy, as many tourists who usually visit Paris are not coming this time. Hotels and airlines such as Air France have also reported a drop in bookings.
Additionally, the Banque de France acknowledged uncertainty surrounding its forecast, saying the positive impact of the Games was being offset by the negative impact of the unclear political situation following inconclusive parliamentary elections in June and July.
The central bank forecasts growth of about 0.5 per cent in the July-September quarter, with sports contributing up to 0.25 per cent to the expansion.
This projection matches estimates from France's statistics agency interiorwhich expects a 0.3 percent increase in the third quarter due to the Games, resulting in an overall growth of 0.5 percent for the quarter.
Earlier, there were concerns that the Games could have a negative impact on France's economy, as many tourists who usually visit Paris are not coming this time. Hotels and airlines such as Air France have also reported a drop in bookings.
Additionally, the Banque de France acknowledged uncertainty surrounding its forecast, saying the positive impact of the Games was being offset by the negative impact of the unclear political situation following inconclusive parliamentary elections in June and July.