Zero growth, record inflation: "We could have a deterioration in the 3rd quarter"
The IMF and the World Bank are alerting leaders to the risks of social destabilization posed by inflation.
© CC0 Pixabay/Gerd Altmann
By: Florent Guignard Follow
France recorded zero growth in the first quarter of 2022. Is the country at risk of falling back into “stagflation” like in the 1970s when growth stagnated and inflation soared.
Interview with Anne-Sophie Alsif, Chief Economist at BDO France.
The war in Ukraine has broken the momentum of economic recovery all over the world.
After rebounding by 7% last year, French economic activity stagnated in the first quarter, with zero growth (0%), due to a decline in household consumption against a backdrop of an acceleration in the economy. 'inflation.
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