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Commodity Mid Session News

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(30 Jan 2025, 13:33)

Economic Buzz: French economy contracts 0.1% in Q4

France’s economy shrank 0.1% QoQ in Q4 2024, reversing a 0.4% rise in Q3. The decline was driven by weak fixed investment, slowing household consumption, and fading post-Olympics momentum. Net trade dragged GDP lower as imports rebounded (0.4%) while exports fell (-0.2%). Inventories also weighed on growth. Annually, GDP rose 0.7%, the slowest since Q4 2020, with full-year growth at 1.1%, matching 2023.
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