French central bank trims growth forecasts, citing Brexit

PARIS: The French 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 outlook is in particular suffering from less favourable external demand in relation to France, notably because of the impact of Brexit," the Bank of France said in a statement.

It 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.