Insee, the national statistics institute, has revised downwards estimates of French GDP in the third quarter, from +0,2% to +0,1%. Disappointed analysts, who expected confirmation of the preliminary data. Adjusted downwards private consumption, from +0,3% to +0,2% and investment spending, from -0,2% to -0,3%.
After this downward correction, the possibility of the French economy entering a recession within the year is strengthened. The statistical institute also noted the growth, nIn November, consumer spending in France, +0,2% in real terms.
