France Q1 preliminary GDP 0.0% vs +0.2% q/q expected

France’s economy stagnated in Q1 with preliminary GDP at 0.0% q/q versus +0.2% expected, according to INSEE (released 30 April 2026). The print, below forecasts and flat from the prior +0.2%, raises downside risk to growth as surging energy prices — exacerbated by disruptions around the Strait of Hormuz — are likely to weigh more heavily into Q2. Markets may interpret the data as a negative read on the euro-area outlook, increasing downside pressure on French equities (France 40) and the euro, and heightening recession concerns if geopolitical energy shocks persist.