French economy stalls in first quarter, inflation hits new record ...Middle East

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French economy stalls in first quarter, inflation hits new record
source : Devdiscourse ( Middle East ) () 36
France's economic growth unexpectedly flatlined in the first quarter as consumer spending dropped in the face of record-high inflation, official data showed on Friday, putting pressure on President Emmanuel Macron ahead of legislative elections. The INSEE official statistics agency said preliminary data showed no change in gross domestic product for January-March. That signaled a sharp slowdown from the final three months of 2021 when the euro zone's second-biggest economy expanded 0.8%, which was revised up from 0.7% previously.

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