Data from Insee (National Institute of Statistics and Economic Studies). According to the institute, the causes for the shrinkage are linked to “the weakness of household consumption (-1.5% after +0.3%), particularly in transport equipment (-2.3% after -0.9%), other manufactured goods (-2.1% after -0.6%) and in accommodation services and restaurants (-3.9% after -0.9%).”
Jeez, this is dire
I think the French economy is the most resilient one in the EU considering the rise in electricity, gas and oil prices in the EU, so is this the baseline for EU economy shrinkage for Q1-2022 as a whole ?
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Data from Insee (National Institute of Statistics and Economic Studies). According to the institute, the causes for the shrinkage are linked to “the weakness of household consumption (-1.5% after +0.3%), particularly in transport equipment (-2.3% after -0.9%), other manufactured goods (-2.1% after -0.6%) and in accommodation services and restaurants (-3.9% after -0.9%).”
Jeez, this is dire
I think the French economy is the most resilient one in the EU considering the rise in electricity, gas and oil prices in the EU, so is this the baseline for EU economy shrinkage for Q1-2022 as a whole ?
Q2 is going to be no fun then.