Consumption restricted by the sharp slowdown in income, as it emerges from the crises

- "French household consumption has slowed sharply since the financial crisis hit. The accompanying recession led to a severe deterioration in the labour market and hence to a slowdown in income from activity and increased uncertainty as a result of a rising unemployment rate."
- "The crisis also led to a sharp fall in asset prices, with stock market indices and interest rates falling, lower house prices, etc., and hence a reduction in the value of household wealth."
- "Since the pick-up in activity which began in early 2009, the labour market has continued to deteriorate, but at the same time, asset prices have risen."
- "In view of this, it is worth asking how household consumption is behaving as France emerges from the crisis. In this article, we look at the factors determining private household consumption in France."
CreditAgricole Eco News 20100721