France Trims 2026 Economic Growth Forecast to 0.7%
19 Articles
19 Articles
The government has lowered its growth forecast for 2026 at a public finance alert committee meeting on Tuesday. The Minister of Economy has also acknowledged that the 5% public deficit target set for this year is "difficult to achieve". Faced with "a risk of slippage of public spending", three billion euros of additional savings for the state and social security have been announced. - The government is lowering its growth forecast for 2026 and a…
This decision is in line with estimates from INSEE, the International Monetary Fund and the Organisation for Economic Co-operation and Development.
After the Bank of France in mid-June, the government decided to lower its growth forecast for 2026 to 0.7%. If this forecast is higher than that of the banking institution, it is in line with that of INSEE.
France Cuts 2026 GDP Forecast Due to Budget Delay, Iran Conflict
The French government is lowering its growth forecast for the year to 0.7% after a delayed budget and the Middle East conflict held back output, Finance Minister Roland Lescure told Le Parisien newspaper.
According to the Ministry of Economy, the revision "has a first quarter below expectations", a "second one that should be marked by the consequences of the conflict in the Middle East" and a "precautionary approach for the third and fourth".
At the opening of this committee shortly after 11:00 a.m., the Minister of Economy Roland Lescure announced that the government had revised its growth forecast for the second time for 2026, to 0.7%, compared with 0.9% expected in April, indicated its ministry to the AFP. This revision, expected, "is counting a less favourable than anticipated start year related in particular to the special law, as well as to the international situation, especial…
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
