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Updated · Bloomberg · May 18France Sees Q2 Growth Return as Q1 Economy Stagnates
1 articles · Updated · Bloomberg · May 18
- Roland Lescure said France should return to growth in the second quarter, a rebound he said would help the economy avoid recession in 2026.
- Q1 output unexpectedly stagnated in the euro zone’s second-largest economy, setting up the need for a pickup after a weak start to the year.
- France’s labor market has also softened, with unemployment rising to a five-year high as the government argues the slowdown will prove temporary.
As the Hormuz blockade hits French households, can the government's growth forecast hold true? How will France navigate a global downturn if the Strait of Hormuz remains closed long-term? Is the Iran crisis accelerating a shift in global economic power away from Europe?