French statistics agency: the country's economy is expected to grow by only 0.6% this year, well below the government's expectations.

[French statistical agency: the country's economy is expected to grow by only 0.6% this year, far below the government's expectations]. According to the latest outlook released by the French National Institute of Statistics and Economics (Insee) on Thursday, France's gross domestic product (GDP) is expected to grow by only 0.6% this year, down from 2.5% in 2022. That would be lower than the 1% growth rate expected by President Macron's government. The Macron government wants the economy to grow at this rate to help the government rein in the budget deficit and achieve a multi-year plan to reduce the huge public debt accumulated during the COVID-19 epidemic and as a result of soaring energy prices. "France's growth will continue to be hesitant," Insee said. "it will be roughly the same as the growth rate since the beginning of 2022 after the COVID-19 epidemic."