France's economy minister warns the economy is "paralyzed" and could "crash"

FinanceInternationalRevista SemanaOct 30, 2026, 6:53 AM35 s readAI summary

France's GDP fell 0.1% in the third quarter, after stagnating in the second and contracting 0.2% in the first, according to Insee. Inflation accelerated to 3.4% year-on-year in October, its highest level since January 2024. Economy Minister Roland Lescure said the economy is "paralyzed" and warned that without the planned budget consolidation "we will crash." The government aims to cut the public deficit to 5% of GDP in 2027, from 5.4% in 2026.

In 35 seconds

GDP fell 0.1% in the third quarter, after stagnating in the second and dropping 0.2% in the first
Inflation reached 3.4% year-on-year in October, the highest since January 2024
Lescure attributed the situation to an "unprecedented combination" of internal and external factors, including heatwaves and tensions in the Strait of Hormuz

Read the full story at Revista Semana

IASummary generated by artificial intelligence from a story by Revista Semana. It may contain errors: the original source prevails.

Francia
PIB
inflación
déficit público
economía europea

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France's economy minister warns the economy is "paralyzed" and could "crash"

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day