Economic Slowdown in France

In a surprising turn of events, France's Gross Domestic Product (GDP) experienced a slight decline of 0.1% in the fourth quarter of 2024, as reported by the National Institute of Statistics and Economic Studies (INSEE). This marks a noticeable shift from the 0.4% growth observed in the previous quarter.

Consumption and Trade Dynamics

The period saw a mixed performance in consumption with services consumption dipping by 0.1%, while goods consumption saw a modest increase of 0.2%. On the trade front, exports and imports both grew by 0.4%, leading to a neutral impact on GDP growth from foreign trade in Q4 2024.