France’s public debt reaches 119% of GDP, highest since 1946
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61 Articles
France's debt burden reached 3.6 trillion euros at the end of June, or 119 percent of gross domestic product (GDP). France's debt burden is approaching the levels of Greece and Italy, while the country's economic growth has stalled.
The French national debt has reached not one, but two records. By the end of June, France had accumulated a debt of nearly 3,600 billion euros. With this, the national debt also reaches a historic high. It rises to 119 percent of gross domestic product. This was reported today by France's national statistical institute, Insee.
France’s public debt rose to almost 3.6 trillion euros at the end of June, reaching 119% of GDP, according to new data from the French statistics agency Insee. “French public debt soars to 119% of GDP, highest level since 1946,” Le Monde headlined, citing that French debt had reached 3.596 trillion euros at the end of June, the country’s national statistics agency announced on Tuesday. And it is expected to rise even further.
Public debt is expected to increase to 119.3% of GDP by the end of this year and to 121.7% in 2027.
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