23-April-2026
Economy News
 
Economic Turbulence and Rate Hikes Could Jeopardise France's Deficit Efforts, Fiscal Watchdog Warns
23-Apr-2026

Uncertain economic conditions and ?possible ?changes in interest rates ?could throw France's effort to trim its deficit to ?3% of output by 2029 into doubt, France's fiscal watchdog said on ?Wednesday. The conflict in the Middle ?East has scrambled the outlook for France and the broader euro ?zone, as ?oil and gas costs have surged. Last week France's finance ministry ?cut its 2026 growth forecast slightly to reflect the fallout from the conflict, predicting the euro zone's second-largest economy would grow 0.9% instead of the ?1% it had previously expected, and raised its inflation estimate to an ?average ?1.9% from 1.3%.

News Source:- https://money.usnews.com/investing/news/articles/2026-04-22/economic-turbulence-and-rate-hikes-could-jeopardise-frances-deficit-efforts-fiscal-watchdog-warns