French Economy Shrinks 0.1% in Third Quarter as Sluggish Growth Continues

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French Economy Shrinks 0.1% in Third Quarter as Sluggish Growth Continues
Photo: Aurelien Morissard/AP/TT

The country's GDP fell by 0.1 percent in the third quarter compared with the previous quarter, according to the French statistics agency Insee.

Earlier this year, the French economy also performed sluggishly, with GDP declining.

The French economy is characterized by large budget deficits and rising national debt, which have pushed borrowing rates on French government bonds to among the highest levels in Europe.

Recently, France has been shaken by violent protests, including protests against underfunded schools.

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TT News AgencyT
By TT News Agency. English edition by Sweden Herald, adapted for our readers

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