Societe Generale(US:SCGLY) Xin Lang Cai Jing·2026-01-30 09:32Economic Growth - France's economic growth in 2023 was the weakest since 2020, impacted by U.S. tariffs that affected European economies [1][5] - The GDP growth forecast for France in 2025 is 0.9%, down from 1.1% in 2024 and 1.6% in 2023 [1][5] Trade and Exports - Foreign trade is expected to drag down economic growth in 2025 after contributing positively for two consecutive years [1] - Exports are projected to grow by 1.4% in 2025, a significant slowdown from 2.4% in 2024, due to increased U.S. tariffs on EU imports [1][5] - Imports are expected to rise by 2.9% in 2025 after a decline of 1.3% in 2024 [1][5] Consumer and Government Spending - Household spending has slowed down, while government spending has increased [2][6] - Consumer spending decreased in December, indicating a potential trend in consumer behavior [3][7] Economic Indicators - The economic growth rate for the fourth quarter fell to 0.2%, down from 0.5% in the previous quarter, aligning with economists' expectations [4][8] - The International Monetary Fund (IMF) projects a GDP growth rebound to 1.0% in 2026, which is slower than the eurozone average [2][6] - Despite a slight recovery in business and consumer confidence indices, the underlying economic momentum remains weak according to analysts [2][6]