Growth was zero at the end of the year in France and reached 0,9% in 2023 according to INSEE

Annual growth is thus close to the 1% forecast maintained by the government, thanks to a strong second quarter at 0,7%.

Growth was zero in the other three quarters, with the National Institute of Statistics having revised that of the third quarter upwards by 0,1 point on Tuesday, previously announced at -0,1%.

Final domestic demand (excluding stocks) contributed negatively to GDP growth in the fourth quarter (-0,1 point after +0,4 point in the third), due to the decline in business investment (-0,7. 0,2% after +0,1%) and household consumption (-0,5% after +XNUMX%).

Conversely, foreign trade rebounded in the fourth quarter and contributed positively to GDP growth (+1,2 points after -0,1 points). Less due to exports, which are almost stable (-0,1% after -0,6%), than to imports in sharp decline (-3,1% after -0,4%).

Finally, the contribution of inventory variations to the evolution of GDP was again negative in the fourth quarter, at -1,1 points, after -0,3 points in the third.

At the end of the fourth quarter, the growth overhang for 2024 amounts to 0,1%, a low figure which seems to make the government forecast of growth of 1,4% for the entire country quite optimistic. 'year.