France relatively insulated from tariff tensions: Goldman Sachs
Though France has run the biggest fiscal deficit in Europe, its economy has strengths that may help it outperform its neighbors as Europe boosts military spending and faces the uncertainty of US tariffs, Goldman Sachs Research said. It sees little growth this year in France, whose GDP is forecast to grow by 0.5 per cent, compared with no growth in Germany and 0.8 per cent for the euro area.
Though France has run the biggest fiscal deficit in Europe, its economy has strengths that may help it outperform its neighbors as Europe boosts military spending and faces the uncertainty of US tariffs, Goldman Sachs Research said.
It sees little growth this year in France, whose GDP is forecast to grow by 0.5 per cent, compared with no growth in Germany and 0.8 per cent for the euro area.
