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  • A cyclical rise in tax revenues provides an incentive for political brinkmanship to continue in France.
  • Industrial output signals upside risk to investment but how will consumers respond to falling incomes?
  • Growth in France will drop to the bottom of the pile of the major four economies next year. 

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Keywords for: 10 September 2025 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence