France’s GDP stagnates in Q1
![EIFFEL TOWER [Photo Credit: CNT]](https://gazettengr.com/wp-content/uploads/9789AB25-385B-47EB-8503-8B9CA51F8DAF.jpeg)
France’s GDP came to a halt in the first quarter of 2022, posting a 0.0 per cent change, the French 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 per cent.
The contribution of the foreign trade to the GDP was positive with 0.1 points due to an increase in exports by 1.5 per cent compared to imports by 1.1 per cent, 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.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Agriculture
Council trains Imo farmers in cashew production for export
“Cashew holds a huge foreign exchange potential for Nigeria.’’
NationWide
Commission proposes joint technical committee to end Kebbi, Niger boundary dispute
“There is equally the need for a physical fieldwork to trace the boundary in accordance with relevant documents.’’
Education
Foundation trains 50 Kano UTME candidates in computer-based test
Mr Abdulwahab said that the initiative was aimed at equipping the participants with the necessary computer skills.
NationWide
Ministry partners Cisco, others to boost digital economy
The minister noted the increased attention on AI across the world and growth in investments in technology in Nigeria.
Politics
171,922 APC members to choose Ondo governorship candidate among Aiyedatiwa, Oke, Ibrahim, 13 others today
Mr Omo-Agege assured of the committee’s resolve to strictly follow the party’s guidelines and constitution.
Showbiz
Nigerian chess master, Tunde Onakoya, breaks GWR’s longest chess marathon
A charity group on Thursday said Mr Onakoya experienced intense vomiting and stomach pain.
