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French economy contracts in third quarter as budget pressure grows

Economy · First reported 30 Oct, 08:01 · Updated 09:57

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France’s economy shrank 0.1% in the third quarter of 2026, and Finance Minister Roland Lescure called for lawmakers to pass the government’s 2027 budget. Another report highlights higher-than-expected inflation and protests expected this weekend as added pressure on spending plans.

  • France’s economy contracted by 0.1% in the third quarter of 2026; the first quarter also contracted by 0.1%, while the second showed no growth.
  • Lescure said the government’s proposed 2027 budget aims to reduce the deficit to 5% of GDP through €43 billion in savings.
  • The centre report also cites higher-than-anticipated inflation and protests expected this weekend as pressures on efforts to cut spending.
Summary written by Lux AI from 2 articles

Key facts

Third-quarter GDP
Down 0.1% in 2026.
Proposed 2027 deficit target
5% of GDP.
Proposed savings
€43 billion.
Other reported pressures
Inflation rose more than anticipated; nationwide protests were expected this weekend.

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