Emmanuel Moulin, recently appointed Governor of the Bank of France, spoke with the regional newspaper Ouest-France about the central bank’s updated economic outlook. Moulin, who previously served as chief of staff to French President Emmanuel Macron at the Élysée, emphasized that while France’s economy is currently in a period of stagnation, it is expected to slowly recover in the coming years. The Bank of France has revised its growth forecasts downward, reflecting concerns about slow economic expansion and potential risks to the French economy. According to Moulin, the country is currently on a "plateau," meaning growth has stagnated, but the bank projects a gradual improvement. He stated that the economy is expected to grow by 0.9% in 2027 and reach 1.2% in 2028, signaling a cautious but optimistic outlook. Moulin’s comments come at a time when France, like many other European countries, is grappling with inflation, high energy prices, and a challenging global economic environment. The Bank of France’s projections take into account these factors, as well as domestic policy measures aimed at stimulating growth and stabilizing the economy. As the new Governor, Moulin faces the challenge of steering the central bank through these uncertain times. His background in government gives him a unique perspective on the interplay between monetary policy and national economic strategy. His statements suggest a focus on long-term recovery, even as the immediate economic outlook remains cautious.