In its quarterly outlook report released on Monday, the French central bank predicted that the growth rate of the French economy over the next two years will be lower than expected, as domestic political turmoil has exacerbated the drag on economic activity caused by global volatility. The French central bank expects that after a growth of 1.1% this year, the country will grow by 0.9% in 2025, a revision down from the 1.2% forecast made in September. The French central bank stated that government spending cuts and political uncertainty will hinder consumer spending and private sector investment. A series of political crises that occurred this year have caused consumers and businesses to feel anxious, making them cautious about the future, and further clouding an outlook that was already grim due to the potential for tariffs from the USA.