Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al-Mayadeen's correspondent in southern Lebanon: Israeli occupation forces withdraw from the Blida municipality building two hours after occupying it, and the Lebanese army enters
Pakistani army: 6 soldiers and 7 militants killed in clash near the Afghan border
Israeli media: Sirens sound in the settlement of Kerem Shalom in the Gaza envelope area
Afghan source to Al Mayadeen: We still believe in dialogue and prioritize diplomatic solutions with Pakistan; though we are ready for all possibilities.
Afghan source to Al Mayadeen: Pakistan purposely obstructed negotiations in Turkey by making unrealistic demands.
Al Mayadeen's correspondent: More than 70 martyrs in Israeli attacks on Gaza since dawn.
Death toll from latest Israeli strikes on Gaza rises to 30
Al Mayadeen's correspondent: Five killed in the Israeli bombing of a civilian vehicle on Al-Qassam Street in Khan Younis, south of the Gaza Strip
Hamas confirms that it has no connection to the shooting incident in Rafah and affirms its commitment to the ceasefire agreement
Al Mayadeen's correspondent: Two civilians were killed and four others, including a child and an infant, were injured in an Israeli bombing of a house belonging to the Al-Banna family in the al-Sabra neighborhood, south of Gaza City

France lowers growth outlook as trade war bites: Economy Minister

  • By Al Mayadeen English
  • Source: New websites
  • 9 Apr 2025 22:14
3 Min Read

The French Minister of Economy announced that the government's growth projections took a downward turn amid Trump's new tariffs, which sent a shock through the global economy.

Listen
  • x
  • Economy Minister Eric Lombard during a visit to Wandercraft, a company that manufactures exoskeletons, in Paris on March 13, 2025 (Thomas SAMSON / AFP)
    Economy Minister Eric Lombard during a visit to Wandercraft, a company that manufactures exoskeletons, in Paris on March 13, 2025 (AFP)

Amid escalating global trade tensions, French Finance Minister Eric Lombard announced a downward revision to the government's 2025 growth projections on Wednesday.

French Finance Minister Eric Lombard stated on television channel TF1 that the euro zone's second-largest economy is now projected to grow by just 0.7% in 2025, down from the 0.9% forecast originally used for budget planning, while emphasizing the government's determination to maintain its deficit reduction targets despite the revised growth outlook.

Acknowledging the worsening economic outlook, Lombard affirmed the government's commitment to cutting the public sector deficit to 5.4% of GDP this year—down from 5.8% in the previous year—while stressing that achieving this target would necessitate identifying additional budget savings.

This comes as Trump's tariffs send a jolt through the global economic system, including the European Union, which Trump hit with a 34% tariff on April 4, which he dubbed "Liberation Day."

Related News

EU retaliation to US tariffs could extend 'beyond customs duties'

France forecasts 0.5% GDP drop as US tariffs bite: PM

France's Prime Minister Francois Bayrou warned Saturday that U.S. President Donald Trump's tariffs could slash the country's GDP growth by 0.5 percentage points, according to an interview published on April 5.

"Trump's policies could cost us more than 0.5% of our GDP," Bayrou told Le Parisien, adding that "The imposition of these outrageous tariffs will lead to a global crisis... The risk of job losses is significant, as is that of an economic slowdown."

Previously, French Economy Minister Eric Lombard suggested that the European Union's response to the United States' newly-imposed 20% tariffs might extend beyond simply imposing reciprocal duties on American imports, in an interview with RMC Radio on April 4.

"We are working on a response package that could indeed go beyond customs duties to bring the Americans to the negotiating table and reach a balanced agreement..." he told the radio channel, adding that the EU's response can be firm without mirroring the US approach., as tariffs on imports from the US could harm the bloc.

Urging French businesses to show both solidarity and patriotism in response to the US tariffs, the minister emphasized that Europe must assert its position firmly against major global powers, warning that we have entered an era of confrontation with the world's dominant blocs—the US, Russia, and China—while expressing confidence that Europe possesses the necessary capabilities to meet this challenge, provided it mobilizes the required effort.

 

  • Eric Lombard
  • tariffs
  • Trump
  • trade war
  • France

Most Read

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
Hi-tech holocaust: Microsoft’s role in Gaza genocide

Microsoft's role in world’s first AI-driven genocide, in Gaza, exposed

  • Technology
  • 28 Oct 2025
What Marr evidently didn't seem to understand was that Hedges isn't saying that Western journalists manipulate the truth, but that they systematically amplify Israeli narratives they know are false. (Al Mayadeen English; Illustrated by Batoul Chamas)

Western journalists know they have a case to answer for their betrayal of Gaza, and it frightens them

  • Opinion
  • 24 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Displaced Sudanese who fled El-Fasher after the city fell to the Rapid Support Forces (RSF), rest near the town of Tawila in war-torn Sudan's western Darfur region (AP)
Politics

UAE directly funded RSF, leading to fall of El-Fasher: Sudan

'You’re not welcome in Greece': Israelis face port protests
Politics

'You’re not welcome in Greece': Israelis face port protests

This photo released by the Israeli military on Thursday, Nov. 2, 2023, shows ground operations inside the Gaza Strip (AP)
Politics

IOF soldier who fought in Gaza, Lebanon denied entry to Czech Republic

UN inquiry exposes 'Israel’s' four genocidal crimes against Gaza
Politics

'Israel' committed four genocidal acts in Gaza, UN inquiry finds

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS