French budget deficit forecast to hit 9% of GDP, a postwar record

The French government’s budget deficit is set to hit a postwar record of nine percent of economic output this year due to the prolonged coronavirus lockdown, the budget minister said on Monday in the second revision in less than a week.

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In This Story: France

France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.

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