- Prior +0.2%
The French economy stagnates in the first quarter of the year and that's not a great sign, even if conditions in March was weakened by the Middle East conflict. Surging energy prices will continue to have a stronger impact in April and that will leave a bigger market on the economy in Q2.
Considering the fact that the Strait of Hormuz remains closed and energy price disruptions are still playing out, this definitely threatens a possible technical recession for this year. Every passing day that the war continues, the impact on the euro area economy will just continue to grow exponentially. Trouble, trouble.
