Welcome to Extreme Investor Network, where we provide you with unique insights and analysis on the latest trends in the stock market and trading world. Today, we delve into the resilient economy of France, which has been exposed to political paralysis but continues to show strength.
Despite the political uncertainty in the country, France’s economy has shown resilience, with real GDP growth performing better than expected in Q2 2024. This has led to a revised forecast of 1.0% growth this year, up from 0.8%, and in line with the 1.1% growth seen in 2023. Buoyant private consumption, lower inflation, and improving real incomes have all played a role in supporting this growth.
France’s highly liquid debt markets, favorable public debt profile, and safe-haven status for investors looking for quality during times of crisis have also been key factors in supporting the economy. However, progress on supply-side reforms and spending cuts are still needed to ensure that government debt returns to a firm downward trajectory from the 110.6% of GDP level in 2023.
To stay updated on all of today’s economic events, make sure to check out our economic calendar on our website. Our team of experts, including Thomas Gillet, a Director in Sovereign and Public Sector ratings at Scope Ratings GmbH, and Brian Marly, a senior analyst at Scope, provide valuable insights and analysis on France’s sovereign credit rating.
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