French growth seen fragile through 2023, inflation slowing – INSEE
PARIS (Reuters) – The French economy will grow 0.1% in the second quarter of the year, the INSEE statistics agency said, revising down an earlier forecast of 0.2% due to weak household spending and investment. Further out, the euro zone’s second biggest economy is projected to expand by 0.1% in the third quarter and 0.2% in the fourth, making for an annual GDP figure of 0.6%, INSEE said. “Household consumption is expected to weaken in the spring as a result of a further fall in food consumption, before recovering only slightly in the second half of the year”, INSEE said