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[Global Times Comprehensive Report] According to European News Network on the 12th, the French central bank said that the French economy may be boosted by the Paris Olympics in the third quarter of this year, but the impact of political uncertainty cannot be ignored.

French magazine Capital reported on the 12th that Olivia Gregoire, the French ministerial representative for enterprise, tourism and consumer affairs, said that although many observers and analysts questioned the cost of the Paris Olympics and its impact on the French economy, the mid-term and long-term benefits of the Olympics will be huge. At the same time, France hopes to use the Olympics to boost consumer confidence and happiness among residents.

"This Olympics, which cost 8.8 billion euros (mainly composed of private investment), will largely recover its costs." She said that France will receive 9 billion euros in derivative benefits in the next 15 years. Gregoire also said that during the Olympics, France's economy was boosted by the influx of foreign tourists and their increased spending in hotels, restaurants and museums. Hotel revenues in French cities hosting Olympic events increased by 16% compared with last year, while tourism-related sales of museums and restaurants increased by 25% year-on-year. Several institutional surveys show that the Paris Olympics will significantly boost the French economy in the third quarter of this year, offsetting the impact of political uncertainty that emerged at the end of June.

Euronews said that the French central bank expects economic growth in the third quarter of this year to be between 0.35% and 0.45%, compared with an increase of 0.3% in the first two quarters. This means that part of the growth may be attributed to the Olympics. According to the Bank of France, business uncertainty data in the third quarter has fallen to the lowest level since the last quarter of 2023, which had previously soared due to parliamentary elections. However, the report also believes that due to ongoing political challenges, the full impact of the Olympics on the economic benefits of the French economy remains uncertain. (Yu Wen)