France cuts 2026 growth forecast to 0.7% from 0.9%

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France’s Finance Ministry lowered its 2026 economic growth forecast from 0.9% to 0.7%, citing a weak start to the year and budgetary challenges. The revision reflects economic uncertainty and impacts public finances as presented in a mid-year update to lawmakers.

France’s Finance Ministry reduced its 2026 economic growth forecast to 0.7% from a previous estimate of 0.9%, according to a mid-year public finances update delivered to lawmakers on Tuesday. Finance Minister Roland Lescure attributed the downward revision to a weaker-than-expected start to the year. The adjustment reflects challenges related to special budget legislation and developments ...