Recently, all of France's troubles seem to have sprung up all of a sudden. Since the 17th of this month, large-scale protests have broken out in many parts of France, and serious violent clashes have also occurred in some regions. Prices have risen, treasury bond yields have soared, and stocks are under pressure. What's going on with the French economy? The French government has been unable to make ends meet all year round; the gap can only be filled by borrowing money. According to official data, as of the end of June this year, France's public debt as a share of GDP reached 119 percent, the highest level in 80 years. What the market is most worried about: How much more will France have to borrow? Can I still get it in the future? This concern is intuitively reflected in the cost of borrowing. French treasury bonds have continued to be sold off recently. The yield on 10-year treasury bonds once broke through 5% this week, reaching a high of around 5.14%. This is the first time since 2002. A number of authorities have pointed out that if France wants to get out of its current predicament, in the short term, it needs to come up with a credible fiscal consolidation plan to restore market confidence. In the long run, we still have to rely on economic growth to drive it. However, this is not easy to achieve. The French government has lowered its economic growth forecast for this year from 0.7%, which was previously low, to 0.5%. This is the third time this year that the French government has lowered its full-year growth forecast.

Recently, all of France's troubles seem to have sprung up all of a sudden. Since the 17th of this month, large-scale protests have broken out in many parts of France, and serious violent clashes have also occurred in some regions. Prices have risen, treasury bond yields have soared, and stocks are under pressure. What's going on with the French economy? The French government has been unable to make ends meet all year round; the gap can only be filled by borrowing money. According to official data, as of the end of June this year, France's public debt as a share of GDP reached 119 percent, the highest level in 80 years. What the market is most worried about: How much more will France have to borrow? Can I still get it in the future? This concern is intuitively reflected in the cost of borrowing. French treasury bonds have continued to be sold off recently. The yield on 10-year treasury bonds once broke through 5% this week, reaching a high of around 5.14%. This is the first time since 2002. A number of authorities have pointed out that if France wants to get out of its current predicament, in the short term, it needs to come up with a credible fiscal consolidation plan to restore market confidence. In the long run, we still have to rely on economic growth to drive it. However, this is not easy to achieve. The French government has lowered its economic growth forecast for this year from 0.7%, which was previously low, to 0.5%. This is the third time this year that the French government has lowered its full-year growth forecast.