"An Absolutely Spectacular Impact": the French Economy Suffocates because of the Heat Waves, Catherine André's Explanations About LCI
6 Articles
6 Articles
The heat wave has had "terrifying" effects on the economy, according to the words of Minister Roland Lescure. All this complicates the design of the next budget, explains Catherine André, LCI economic journalist. (Economy).
DECRYPTAGE - After a negative first quarter, the French economy slightly avoided the recession to the next.
France is aiming for a ‘stable budget deficit’ for next year’s budget. This was stated by French Finance Minister Roland Lescure during the annual conference of the French employers’ organization Medef. Initially, the government aimed to reduce the budget deficit by 2027, but a struggling economy and a deeply divided political climate are making this goal difficult.
French economy stagnates as deficit persists, complicating budget plans
France posted zero growth in the second quarter after a first-quarter decline, INSEE said Friday, as the public deficit held steady and interest rates rose, complicating an already difficult 2026 budget and clouding prospects for the next one.
Growth remained at zero in the spring and the harvests suffered from the high heats. Bercy's target for 2026 is already moving away. L'article France avoids the recession by a narrow margin, the heat wave has appeared first on Le Singulier.
Paris.- The French Minister of Economy, Roland Lescure, related on Friday the downward revisions of the growth data of the first semester to a summer marked by extreme weather events, and recognized that the objective of reducing the public deficit to 5% of GDP in 2026 "is not won". "They are the first concrete consequences of the very difficult summer we have experienced, with episodes of repeated heat waves, fires and storms", said Lescure to …
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