GDP of France in 2023 - Expenditure Approach, Sector Output, and Regional GDP

The French economy showed a quick recovery from the pandemic recession but lost steam in 2022 despite the government’s efforts to mitigate the effects of rising energy prices. Indicators suggest that the economy is not on the brink of a recession, in part due to positive developments in the energy sector. The job market remains tight, with fewer job seekers and continued job creation, albeit at a slower pace. Consumer confidence rebounded in the latter part of 2022, and supply chain issues have improved, with delivery delays now at their lowest in two years and companies working through backlogs of orders. However, business sentiment is negative and with weakening activity in the services sector due to declining consumer purchasing power, this trend is expected to persist. The economy is expected to grow by less than 0.4-0.7% in 2023. Economic growth will be hindered by high inflat...