Central Banks
France’s Economy Is Succumbing to Iran War Shock, Survey Shows
A construction site at the La Defense business district in Paris, France.
Photographer: Nathan Laine/BloombergFrance’s economy is showing signs of faltering as the fallout from the Middle East conflict hits growth and ratchets up inflation pressure, according to the central bank’s monthly survey of companies.
Industry and construction activity advanced more slowly in April and could decline this month, the Bank of France’s poll of 8,500 business leaders showed. In the services sector, firms reported stagnation and see contraction in May.