AGP Executive Report
Last update: 11 hours agoDebt Warning: Fitch cut France’s outlook to negative, citing weaker growth, higher borrowing costs and political divisions that threaten efforts to stabilize public debt. French 10-year yields recently topped 5.14%, their highest since 2002. Economic Slowdown: GDP contracted 0.1% in the third quarter as exports slumped, while inflation reached its strongest level since 2023. The eurozone grew 0.4%, highlighting France’s weaker performance. Unrest Costs: France is considering a 0.8% levy on home, auto and business insurance to fund damage from riots, adding to costs as businesses face continued disruption.
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