France sees slower growth stalling deficit reduction in 2023

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Reuters UK

PARIS (Reuters) – French economic growth will slow sharply next year in the face of mounting geopolitical risks, pushing back improvement in the public sector budget deficit until afterwards, the Finance Ministry said on Thursday. Updating its long-term forecasts, the ministry said growth in the euro zone’s second-biggest economy was now expected to slow from 2.5% this year to 1.4% next year. “The geopolitical uncertainties are huge both in terms of energy and trade,” Finance Minister Bruno Le Maire told journalists, citing the risk of a cut in Russian gas, lockdowns in China and a slowdown in…

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