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France Q2 GDP Grows 0.2%, Deficit Target Remains Elusive

7/11/2026

43 7 Full Breakdown

Summary

Story summary

Bank of France revised Q2 2026 GDP growth to a 0.2% rise, based on its business survey and data showing output up 0.2% in Q2 after a 0.1% Q1 contraction, showing economy avoided recession.
Chief economist Xavier Debrun said the stronger Q2 lifts the forecast but risk stays limited.
Finance Minister Roland Lescure warned meeting 5% deficit target is difficult after government cut 2026 growth forecast to 0.7% from 0.9%.

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Story summary

Bank of France revised Q2 2026 GDP growth to a 0.2% rise, based on its business survey and data showing output up 0.2% in Q2 after a 0.1% Q1 contraction, showing economy avoided recession.
Chief economist Xavier Debrun said the stronger Q2 lifts the forecast but risk stays limited.
Finance Minister Roland Lescure warned meeting 5% deficit target is difficult after government cut 2026 growth forecast to 0.7% from 0.9%.