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France cuts 2026 growth forecast to 0.5%
France has faced increasing economic and financial pressures due to declining growth forecasts and rising borrowing costs. The government has lowered its growth projection for 2026 to 0.5 percent, down from 0.7 percent previously, with an expectation of 1 percent growth in 2027. Additionally, the Minister of Economy acknowledged that the goal of reducing the budget deficit to 5 percent in 2023 will not be achieved, as the deficit exceeds that figure, forcing the adoption of the 2027 budget before the end of the year. These challenges come amidst a rise in the yield of 10-year French bonds to 4.44 percent, the highest since 2008, reflecting pressures on public finances and causing tensions in the markets.
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