French president Emmanuel Macron speaks at the Centre des Expositions conference centre during the third United Nations Ocean Conference (UNOC3), which gathers leaders, researchers and activists to discuss how to protect marine life, in the French riviera city of Nice, on June 9, 2025. (Photo by Ludovic MARIN / AFP)
France’s economy recorded zero growth in the first quarter of this year due to weak domestic demand and a sharply negative contribution from foreign trade, the national statistics agency INSEE said Thursday.
The first estimation of the first quarter gross domestic product (GDP) shows the impact of the war in the Middle East, which began on February 28.
READ ALSO: Alake Urges African Unity To Capture Greater Value From Global Mineral Economy
As little as two weeks ago, the French central bank estimated that the country’s economy could grow by as much as 0.3 per cent in January through March, while INSEE had cut its forecast from 0.3 per cent to 0.2 per cent growth at the end of March.
The youtHouse reporters, also known as “the Great Green Parrot”- (GGP), is the pioneer, biggest and most active Digital /Online News Outfit and Information Sharing Channel of the Nigerian Youth and Student Community, established in Year 2020 to champion a new order of Creativity and Innovations in Youth Development across the Country and in the Diaspora.
