French Economy Minister Eric Lombard stated that ironing out the 2026 budget for France, the euro zone’s second-largest economy, will be challenging, following the recent adoption of the 2025 financial plan. France aims to reduce its public deficit to 5.4% of GDP in 2025 and below 3% in 2029, in line with EU spending rules. The country’s economic performance has been impacted by political instability, with a 0.1% contraction in the fourth quarter and a projected 0.1-0.2% rise in GDP in the first quarter of 2026, according to the Bank of France.
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'Very, Very Bad': Former US Government Economist Makes Bleakest Trump Prediction
Former Obama-era Department of Labor economist Jesse Rothstein warns that the United States is on the brink of a severe recession due to massive government job cuts and pullback from contracts by the Trump administration. With over 200,000 federal jobs eliminated, Rothstein predicts record job losses in the upcoming March 2025 employment report. Additionally, economists have raised concerns about Trump's tariffs on imports and deportation policies potentially leading to a new financial crisis, causing uncertainty...
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