France's debt could hit 122% of GDP by 2030. Why is its economy under pressure? - Firstpost

France's public debt reached 119.1 per cent of GDP in the second quarter of 2026, while the IMF expects the economy to grow by just 0.4 per cent this year France is facing a difficult economic combination. Public debt is approaching 120 per cent of gross domestic product (GDP), economic growth is weak and the cost of government borrowing has risen sharply. The government has warned that debt could approach 122 per cent of GDP, adding to concerns about the country's ability to bring its public finances under control. Eurostat data released on October 21 showed that France's public debt stood at 3.596 trillion euros at the end of June 2026, equivalent to 119.1 per cent of GDP. That was up from 117.7 per cent at the end of March and 115.