Episode Details
Back to EpisodesFrance's Growth Forecast Trimmed by Inflation
Published 1 week, 1 day ago
Description
Frances economic growth forecasts have been revised downwards by INSEE, with zero point two percent expansion expected in both Q1 and Q2. Higher inflation, driven by the Iran conflict, is dampening consumer spending and business investment. Energy costs are easing slightly in Q2, but growth relies on export rebounds and modest business gains to offset weaker public spending and reduced non-essential purchases.
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