Audit office tells France to reduce deficit, says ‘dangerously exposed’ due to structural reform delays

Quick Summary:

PARIS, July 15 — France's public finances and its rising deficit are worrying and leave the country "dangerously exposed...

Credit rating agencies Moody's and S&P Global have warned of negative impacts on the French economy from the political deadlock, where no political party won an outright majority.

The EU Commission expects this to increase to 112.4 per cent this year and to 113.8per cent in 2025 while the EU limit is 60 per cent.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaFrance

Topics: France economy Deficit limit Structural reforms

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 16:36:53 (1 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 330 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 21627310

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