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French central bank trims growth forecasts, citing Brexit

France's central bank has trimmed its growth forecasts for 2016 and 2017, citing a deterioration in the global economy and Britain's decision to leave the European UnionFrance’s central bank trimmed its growth forecasts for 2016 and 2017 on Friday, citing a deterioration in the global economy and Britain’s decision to leave the European Union. The Bank of France revised its 2016 and 2017 growth forecast down to 1.3 percent, having previously expected growth of 1.4 percent this year and 1.5 percent next year. “In 2017 and 2018, the downward revision of our GDP growth projection… is mainly due to the deterioration in the international environment,” it said in a statement.

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