A growth of 0.5% in 2026 is "hardly achievable", according to the High Council of Public Finances

The High Council of Public Finances (HCFP) has deemed the government's GDP growth forecast of 0.5% for 2026 as "hardly achievable," suggesting a more realistic estimate of 0.3%. The HCFP also expressed concerns about the government's public deficit target of 5.4% of GDP, citing recent economic developments. Despite a recent decline in GDP by 0.1% in Q3, the government maintains its financial projections, arguing that macroeconomic news has minimal impact on public finances. However, the HCFP noted that the government's economic scenario no longer aligns with central forecasts, and inflation predictions may also be too low. The Governor of the Bank of France indicated that their growth forecast might be revised as well.