Archive · 30 Jul 2026
France's Q2 GDP grows 0.2% amid energy, trade pressures
France's economy grew a little in the second quarter of 2024, after shrinking a bit in the first quarter.
People spent more money at home and France sold more planes and parts abroad, which helped.
But the country still faces problems like higher energy prices because of the war in Iran and trade rules from the United States.
The government lowered its 2026 growth goal to 0.7% because of these worries.
They want to keep people buying things and keep exports strong while trying to keep energy costs down.
France's GDP expanded 0.2% in Q2 after a 0.1% contraction in Q1.
Growth was driven by household spending and aeronautics exports.
External shocks include the Iran war, US tariffs, and lingering energy crisis.
Finance Minister Roland Lescure cut the 2026 growth forecast to 0.7% from 0.9%.
The government remains cautious, focusing on sustaining demand and managing energy price impacts.
- Who
- French government, INSEE, Finance Minister Roland Lescure
- What
- France's GDP expanded 0.2% in Q2 2024
- When
- Second quarter of 2024
- Where
- France
- Why
- Growth driven by household spending and aeronautics exports, but risks from Iran war, US tariffs, and energy costs
- Q2 GDP growth
- 0.2%
- Q1 GDP growth
- -0.1%
- 2026 growth forecast
- 0.7%
- Key export sector
- Aeronautics
- External risks
- Iran war, US tariffs, energy crisis