France faces entering period of stagflation

Household spending in France fell by 1.3% in March, capping a first trimester that saw gross domestic product reaching a standstill, raising fears that the country may be on the verge of a period of 'stagflation' – a term designating a combination of stagnant or weak economic growth and enduring high inflation.

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With income growth in France stagnating and prices for essential goods and energy on the rise, new figures from France’s National Institute of Statistics and Economic Studies (INSEE) indicate that France could be entering a period of stagflation, reports FRANCE 24.