12 Hrs
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وكالة الأنباء القطرية
French Economy Minister Notes Heatwave Impact
French Economy Minister Roland Lescure confirmed that heatwaves and droughts experienced in France last summer led to a downward revision of economic growth forecasts. The agricultural sector worsened, and indicators slowed during the first two quarters, with expectations that these conditions will extend into the third quarter. He also pointed out that GDP contracted by 0.2% in the first quarter, and prices for services—particularly transportation—rose, leading to more conservative growth estimates. He emphasized that climate change plays a central role in the decline of the French economy. Additionally, he highlighted the difficulty of achieving the goal of reducing the budget deficit to 5% amid ongoing revenue shortfalls.
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