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French Market 2022 Annual Roundup: Purchasing Power Lower Than 2021, Optimism For 2023
Gross domestic product (GDP) shrunk by 0.2 percent in the fourth quarter according to the French National Institute for Statistics and Economic Studies (INSEE). Inflation, on the other hand, seems to be stabilising. By Benoit Brecq Indeed, the year-on-year increase was 6.2% at the end of the year. This stabilisation can be explained by energy price rises slowing down although food prices continue to rise by an average of 12%. Under the influence of inflation, households are cutting back on…
