French economic growth was revised down to -0.1% in the first quarter of the year, reflecting a contraction. That’s not a good look especially as much of the drag came about from March, with the Middle East conflict weighing. As conditions look set to worsen further in the months ahead, that will make it very difficult to see an improved outlook for Europe’s second largest economy ahead of the summer.
As such, a technical recession beckons for France with stagflation worries surely set to rise as the weeks go by.
