• Prior +0.2%

The French economy stagnates in the first quarter of the year and that’s not a great sign, even if conditions in March was weakened by the Middle East conflict. Surging energy prices will continue to have a stronger impact in April and that will leave a bigger market on the economy in Q2.

Considering the fact that the Strait of Hormuz remains closed and energy price disruptions are still playing out, this definitely threatens a possible technical recession for this year. Every passing day that the war continues, the impact on the euro area economy will just continue to grow exponentially. Trouble, trouble.

This article was written by Justin Low at investinglive.com.