French Economy Stagnates as GDP Declines
France's GDP fell 0.1% in the third quarter amid uncertainty over the national budget.
Macroeconomics Editor: Fabricio Marcilio 1 min read
The French economy is facing a period of prolonged stagnation throughout this year. Data from the National Institute of Statistics and Economic Studies confirms that the Gross Domestic Product fell 0.1% between July and September.
The current landscape reflects a series of negative results for the country. There was stagnation in the second quarter and a 0.2% contraction in the first three months of the year. The government is now seeking political support to pass the national budget.
Political instability creates doubts about France's ability to reassure financial markets. The country's borrowing costs surpassed the 5% mark last week. This environment is exacerbated by a volatile social climate and protests against the cost of living.
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