Europe 1 with AFP 07:36, April 29, 2022

According to a first estimate published Friday by INSEE, French economic activity stagnated in the first quarter, with zero growth (0%), due to a decline in household consumption against a backdrop of inflation and war. in Ukraine.

French economic activity stagnated in the first quarter, with zero growth (0%), due to a decline in household consumption against a backdrop of inflation and the war in Ukraine, according to an initial estimate published on Friday by the 'Insee.

This estimate is well below expectations, the National Institute of Statistics having forecast growth of 0.3%, while the Banque de France was counting on a small increase in gross domestic product (GDP) of 0.25%.

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