Cooling Economic Outlook - December 2022


Conjoncture in France- December 2022

Economic activity

In Q3 2022, French GDP slowed (+0.2%, according to the detailed results from the quarterly accounts published at the end of November, after +0.5% in Q2), in a context of high prices for many commodities and fears over energy supplies, thereby putting pressure on market prices. Household consumption remained sluggish, with purchases of goods continuing to decline and the catch-up effects in services tending to fade. Corporate investment, sustained by a rebound in vehicle purchases, made the only significant contribution to growth in domestic demand. Meanwhile, foreign trade affected the development of activity, with a strong momentum in imports of goods and spending by French tourists abroad...

Conjoncture in France

Paru le :21/12/2022