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Economy And The Numbers

France GDP Growth Slows To 0.1% On Weaker Consumption

By Jyotsna V   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

French economic expansion slowed in the fourth quarter of 2022, in line with economists' expectations, on the back of a slump in domestic demand that was led by a steep fall in household consumption and weaker investments, which was partially offset by trade, preliminary data from the statistical office INSEE showed Tuesday.

Gross domestic product, or GDP, grew 0.1 percent quarter-on-quarter following a 0.2 percent increase in the third quarter. This was in line with the Bank of France forecast.

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