ECB's Villeroy: France should escape recession this year, inflation still too high

European Central Bank (ECB) policymaker and French Central Bank head Francois Villeroy de Galhau said on Wednesday, France should escape recession this year but inflation is still too high.

Additional comments

Inflation too high in France but lowest of all euro zone countries.

Jobless rate in France should stay below 8% by 2024.

Companies in France have difficulties to hire people.

Purchasing power should decline by 1% in France this year.