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French economic growth flatlines in second quarter

France reported flat economic growth in the second quarter due to weak agriculture from summer heatwaves. The downgrade threatens government deficit and growth targets for the year.

Insights:
A view of the city rooftops of residential apartment buildings and the Paris skyline seen from the giant Ferris wheel in the Jardin des Tuileries during sunset, in Paris, France, July 17, 2026. Picture taken through a window. REUTERS/Yara Nardi

France growth flatlined at 0.0% in the second quarter, according to the national statistics agency INSEE, missing earlier expectations. The revision follows a 0.2% contraction in the first quarter, casting doubt on the government's economic outlook.