French President Emmanuel Macron is seeking his fifth prime minister in less than two years after opposition parties united to oust centre-right Prime Minister François Bayrou over his unpopular plans for budget tightening.
Breakdown
- Businesses supplying schools report increased stock and reduced orders. 12s
- Some companies have put staff on temporary leave due to decreased demand. 34s
- Consumers are delaying major purchases and reducing discretionary spending. 49s
- Economists observe that people are saving more and shopping at cheaper stores. 1m 16s
- Overall consumer spending in France has declined over the past year. 1m 28s