The French economy contracted 0.1% in the third quarter as exports declined
France's economy stagnated in the second quarter after a 0.2% contraction, with GDP falling 0.1% in the third quarter and Fitch downgrading its sovereign debt outlook to negative.
- The French economy had already stagnated in the second quarter after contracting by 0.2% in the first.
- Fitch downgraded the outlook for French sovereign debt from stable to negative.
- Fitch Ratings maintained France's sovereign rating at A+
- Fitch predicted France's debt level would rise from nearly 115.7 percent of GDP in 2025 to 124 percent in 2028.
- The Minister of Economy, Roland Lescure, stated the French economy is paralyzed.
- Fitch revised down economic growth forecasts for France to 0.5 percent in 2026.
- The Gross Domestic Product decreased by 0.1 percent in the third quarter.
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