It’s not just the Germany economy which is being hit by a serious slump, France is stuck in a rut of its own with the latest economic data showing yet another contraction. After a very slight recovery in February, France’s composite PMI for this month has fallen back down below the 50 level, which indicates growth, to 48.7, following contractions in December and January as well. No wonder Macron’s no deal bluster didn’t survive the night yesterday – if May had actually stuck to her no deal promise the UK’s position would only be getting stronger now…