BSS
  31 May 2022, 13:10

French economy shrinks in first quarter

PARIS, May 31, 2022 (BSS/AFP) - France's economy shrank in the first quarter

as households spent even less than previously thought due to rising
inflation, the statistics agency said Tuesday, lowering an initial estimate
of zero growth.

The economy contracted by 0.2 percent in the first three months of the year
while household spending fell by 1.9 percent, according to INSEE.