Record inflation & French legislative elections

 

Following President Emmanuel Macron’s re-election in April, legislative elections are just a few weeks away, and the country’s inflation figures are concerning. 

Record inflation and sluggish growth are threatening French purchasing power, as the country prepares to go to the polls again on June 12 and 19. 

From January to May, inflation reached 5.2 percent, “due to an acceleration in the prices of energy, services, food, and manufactured goods,” according to France’s Institute of Statistics and Economic Studies (INSEE). 

Many analysts even predict a strong and long-term post-pandemic recovery. They were correct, as GDP increased by 7% in 2021, while the unemployment rate fell to 7.3 percent, the lowest since 2008.

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EDGE-FOREX 

#edgeforex #forextrading #forexsignals #forex #trading #french #elections #demand #supply #elections  

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