French Business Leaders Warn of Recession and Political Instability

Economic leaders call for urgent reforms and stable governance following the collapse of the Barnier government.

Patrick Martin, president of Medef, and François Asselin, president of CPME, express deep concern over the economic fallout from the recent political turmoil in France.
France has entered a mild recession, with 66,000 business bankruptcies recorded this year, marking a historic high, according to Medef.
Foreign investment in France is declining, with half of potential investors suspending or canceling projects due to instability.
Economic sectors such as construction, automotive, and steel are struggling, with the construction industry losing 10,000 jobs per month and housing starts at a 70-year low.
Both leaders urge the incoming government to prioritize economic stability, reduce business taxes, and avoid increasing labor costs to preserve competitiveness.