The clouds of recession have dissipated, not those of inflation: France recorded net growth of 0.5% in the spring, but rising prices continue to weigh on consumption.
The first estimate of gross domestic product (GDP) in the second quarter, published Friday by INSEE, will certainly have to be confirmed at the end of August.
But while growth in the second quarter was expected at 0.2% by the Banque de France and 0.25% by the National Institute of Statistics, it finally settled at 0.5% compared to the first. trimester.
„It’s a good surprise, but you have to look at the details,” reacted to AFP Ana Boata, director of economic research at Allianz Trade.