Newmark：2025年第一季度法国零售地产市场研究报告（英文版）

French economic activity, which wasalready sluggish in 2023, remained flat in2024.In 2025, it is expected to remainpositive but weaker,despite inflationfalling below 2% because of thestabilization of commodity and energyprices. The economy will suffer inparticular from lower exports due to theintensifying trade war and weaker globaldemand than in 2024.Furthermore, at a time when Frenchpurchasing power will grow only veryslightly in 2025,the expecteddeterioration in the labor market, France