French economy shrinks 0.1 percent in third quarter
Investment and exports dragged on growth as household spending rose 0.4%, while economists had expected 0.1% expansion.
- France's economy contracted 0.1% in the third quarter, according to statistics agency INSEE released Friday, missing economists' expectations of 0.1% growth for the eurozone's second-largest economy.
- Declining investment and weakened exports drove the contraction during the July-September period, as gross fixed capital formation fell and foreign trade made negative contributions to growth.
- Rising borrowing costs, political instability, and violent protests weighed on the economy. Budgetary uncertainty from an underwhelming 2027 budget plan last month continues to cloud the outlook.
- The contraction defied market expectations of modest growth, revealing fragility in France's recovery. Mounting fiscal pressures and political uncertainty now weigh heavily on business confidence and investment.
- Persistent high borrowing costs and social unrest compound concerns over France's economic resilience. These pressures add to mounting fiscal challenges as the eurozone's second-largest economy faces difficult decisions ahead.
53 Articles
53 Articles
Reformatorisch Dagblad
The French economy contracted slightly in the third quarter. According to a preliminary estimate by the French statistics agency Insee, the contraction amounted to 0.1 percent compared to the previous three months. The disappointing figure comes on top of the significant unrest over the high French national debt, political tensions, and the violent protests in the country recently.
The French economy shrank by 0.1% in the third quarter, while the budget remains in limbo
The French economy shrank in the third quarter, figures showed on Tuesday. The finance minister warned that the economy could “hit a wall” if the government fails to pass a budget soon that will reduce the deficit. Gross domestic product shrank by 0.1 percent from July to September, French statistics agency Insee said. Concerns about the state of public finances have been growing, as...
The French economy contracted slightly in the third quarter. According to a preliminary estimate by the French statistics agency Insee, the contraction amounted to 0.1 percent compared to the previous three months. The disappointing figure comes on top of the significant unrest over the high French national debt, political tensions, and the violent protests in the country recently.
New blow for Bercy. With a contraction of 0.1% of GDP revealed by INSEE, France is going through its third consecutive quarter without growth. Faced with this sharp slowdown that threatens the forecast...
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