France’s economic outlook is complicated by robust fiscal deficits and high debt, according to a recent report from ING Economics. The European Commission has proposed placing France under Excessive Deficit Procedures (EDP), expecting a fiscal adjustment path by September 20.
Legislative elections, scheduled between June 30 and July 7, will elect 577 deputies to the French Parliament. The far-right National Rally party currently leads in polls. The National Rally plans a rational financial audit, while Prime Minister Gabriel Attal’s bloc will focus on balancing public accounts through revenue increases and spending cuts.
President Emmanuel Macron has announced the dissolution of the French parliament and called for legislative elections following a defeat by Marine Le Pen’s party in the European elections.
