ING: Stagflation risks rise in France as economic

```htmlGolden Ten Data reported on March 31 that Charlotte de Montpellier, economist at ING Netherlands, stated in a report that France is facing stagflation risks related to the Iran war, as March’s inflation rebounded while first-quarter economic activity data is weakening. EU harmonized inflation rose from 1.1% in February to 1.9%, with energy inflation soaring to 7.3%. Other data show significant downside risks to France’s economic activity, such as a 1.4% decline in household consumption in February. These indicators suggest that first-quarter performance may be weaker than expected, and even before the conflict's impact becomes apparent, the economic starting point is already quite fragile. She remarked: “Our March forecast for a 0.7% average growth for the full year now appears rather optimistic.”```