"The first estimation of first quarter gross domestic product (GDP) shows the impact of the war in the Middle East, which began on February 28th."
"Households scaled back spending, making a -0.1 percentage point contribution to growth in the first quarter after having provided a 0.4 percent boost in the final quarter of 2025."
"Foreign trade made a negative 0.7 percentage point contribution to growth in the quarter."
France's economy recorded no growth in the first quarter, primarily due to weak domestic demand and a significant negative impact from foreign trade. The national statistics agency INSEE reported that the war in the Middle East, which began on February 28th, influenced economic performance. Earlier forecasts from the French central bank suggested a potential growth of 0.3 percent, but INSEE revised its estimate down to 0.2 percent. Households reduced spending, contributing negatively to growth, while foreign trade also detracted significantly from economic performance.
Read at The Local France
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