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French Market Insight: A Flatline Summer With Gentle Upticks Into Winter

The French economy is almost in stagnation! Indeed, French GDP growth barely reached 0.1% in the third quarter of 2023 and was largely driven by a rebound in household consumption. This modest increase between July and September, however, represents a slowdown compared to the 0.6% growth recorded in the second quarter. For the entire year, INSEE forecasts an overall annual growth of 0.9%, which is identical to the Bank of France’s prediction, slightly lower than the government’s…