European Economics

European Economics Focus
12 August, 2008

French consumers – slowdown, not slump

Recent data on the French household sector have flattened hopes that healthy consumer spending
growth would prevent a sharp economic slowdown. With inflation soaring, consumer confidence at
a record low and the housing market at risk of collapse, French consumers will not shore up the
economy as we had hoped. But there are good reasons not to expect a US-style hard landing....

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