Why France’s Economy Is Stuck
In 2025, France’s debt skyrocketed to 117% of GDP, while its economic growth remained sluggish at 0.7%.
Yet, in 2017 when Emmanuel Macron came to power, he promised a French economic renaissance. His supply-side strategy aimed to slash taxes and curb public spending to spur investment and drive down unemployment.
Eight years on, what happened to Macronomics? And is France destined to economic decline?
CNBC Explains producer Gaelle Legrand breaks it down.
Watch the full explainer at the link below.
#CNBC #CNBCExplains #FranceEconomy #Macronomics #Emmanuel Macron
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