France's economy stagnates amid tariffs and Iran issues
Final data indicated that the French economy remained stable in the second quarter at a rate of 0.0%, avoiding any growth and falling short of expectations which had pointed to a 0.2% increase. An increase in exports, especially in the aviation sector, helped boost performance, while household spending rose by 0.3% after a previous decline, with consumer confidence remaining steady. Facing external challenges such as trade disputes and rising oil prices due to the war in Iran, France is experiencing a slowdown in growth and an increase in the budget deficit. Meanwhile, the inflation rate reached 2.7% in August, driven by higher energy prices.
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