Surprising analysts, France’s economy contracted by 0.1 percent in this year’s third quarter, the national statistics agency said after revising its estimate down from an initial 0.1-percent gain.
French President Emmanuel Macron announced last week that Paris will provide Ukraine with its own version of the U.K.’s long-distance Storm Shadow missiles—a move that is seen as a new escalation by the West that could add pressure on Germany and the U.S. to follow suit.
France’s Foreign Ministry said Russia’s massive airstrike against Ukraine last week may be a war crime because they “deliberately” targeted civilian infrastructure and the perpetrators should be held accountable.
Protests broke out across Europe last week over soaring inflation and wages that are not keeping up with the cost of goods, leading to a “New World Disorder” that will result in widespread civil unrest that will likely only get worse.
Germany’s economy expanded by a scant 0.3 percent during this year’s third quarter, besting both France and Spain, which each eked out a 0.2-percent expansion.
About 100,000 people in France took to the streets on Tuesday to lash out at the rising costs of living and called for higher wages to make up for soaring inflation and energy bills.
As Europeans face soaring energy prices and inflation, the French are also dealing with a surge in costs for a dietary staple that has—at least partially—already been blamed for starting a revolution: bread.
Thousands took to the streets of Paris on Sunday to express outrage over soaring prices—adding new pressure to Paris after earlier strikes at oil refineries and nuclear power plants.
Protests broke out in France last week to call on higher wages to help workers to make ends meet amid high inflation, and lashed out at President Emmanuel Macron’s move to raise the retirement age in the country.