France's Economy Minister Expects 0.9% Growth in 2026, Q2 Rebound Likely

According to Jin10, France's Economy and Finance Minister Leclerc said on May 18 that French economic growth should rebound in the second quarter and the country will likely avoid recession this year. Leclerc noted the economy stalled unexpectedly in the first quarter as unemployment hit a five-year high.

Leclerc stated he expects 0.9% economic growth for 2026, above market consensus of 0.8%, ruling out recession. He also highlighted France's advantage due to its dependence on nuclear power, and noted that increases in welfare and minimum wages should help cushion the impact of economic slowdown.