The recent outcome of France’s parliamentary elections has raised concerns about the country’s credit rating. Moody’s and S&P have warned that France’s spending trajectory could keep the government deficit above 4 percent of GDP until 2027, with the debt-to-GDP ratio nearing 110 percent. Financial analyst Charles Gave notes that borrowing rates now exceed GDP growth rates, further accelerating the growth of the national debt.
France Faces Credit Rating Concerns Amid Election Outcome, National Debt Growth
By David Vives