The French GDP stagnated in the first quarter of 2022, posting a 0.0 percent change, the National Institute of Statistics and Economic Studies (INSEE) said on Friday.
According to the institute, the stagnation of the country’s GDP is due to the weakness of the domestic demand, which contributed a decrease of 0.6 points to the GDP growth, and the deceleration of the gross fixed capital formation (FBCF), which grew only slightly 0.2 percent, reports Xinhua news agency.
The contribution of the foreign trade to the GDP was positive with 0.1 points due to an increase in exports by 1.5 percent compared to imports by 1.1 percent, the INSEE said.
The total production of goods and services has increased but at a slower pace due to the epidemic resurgence and the increase of new Covid-19 cases in the first quarter, said the institute.
(With inputs from agencies)
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