France Faces Credit Rating Concerns Amid Election Outcome, National Debt Growth

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.