French economy 'headed for a wall' as GDP shrinks, finance minister warns
- The French economy contracted in the third quarter, data showed Friday, and could be "headed for a wall" if the government is unable to get a deficit-reducing budget passed soon, the finance minister warned.
- Gross domestic product shrank by 0.1 percent in the three months to September, the national statistics office Insee said, amid deepening concerns about the state of public finances and growing political tensions ahead of presidential elections next spring.
- The decline came as inflation accelerated to 3.4 percent on an annualised basis in October from 3.1 percent in September, the fastest r
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- The French economy contracted in the third quarter, data showed Friday, and could be "headed for a wall" if the government is unable to get a deficit-reducing budget passed soon, the finance minister warned.
- Gross domestic product shrank by 0.1 percent in the three months to September, the national statistics office Insee said, amid deepening concerns about the state of public finances and growing political tensions ahead of presidential elections next spring.
- The decline came as inflation accelerated to 3.4 percent on an annualised basis in October from 3.1 percent in September, the fastest r
Sources: France 24