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Analysts believe that the uncertainty brought about by the ongoing conflict in the Middle East and the impact of this summer's heatwave and drought on agricultural production have all dragged down the French economy. The slowdown in economic growth has further made it more difficult to rectify France's finances. French Finance Minister Lescure said that the French government's previous goal of controlling the fiscal deficit rate to 5% of GDP in 2026 can no longer be achieved, and the fiscal deficit rate will exceed 5% this year. Earlier, the French National Institute of Statistics and Economics lowered France's economic growth forecast for this year from 0.7% to 0.4% on the 10th. The agency pointed out that due to the heat wave, the reduction in public works, combined with a weakening job market and severe financial conditions, the French economy is lagging behind other European countries.

智通财经·09/12/2026 05:17:00
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Analysts believe that the uncertainty brought about by the ongoing conflict in the Middle East and the impact of this summer's heatwave and drought on agricultural production have all dragged down the French economy. The slowdown in economic growth has further made it more difficult to rectify France's finances. French Finance Minister Lescure said that the French government's previous goal of controlling the fiscal deficit rate to 5% of GDP in 2026 can no longer be achieved, and the fiscal deficit rate will exceed 5% this year. Earlier, the French National Institute of Statistics and Economics lowered France's economic growth forecast for this year from 0.7% to 0.4% on the 10th. The agency pointed out that due to the heat wave, the reduction in public works, combined with a weakening job market and severe financial conditions, the French economy is lagging behind other European countries.