The government lowered its 2026 growth forecast from 0.7% to 0.5% after the economy contracted 0.2% in the first quarter and stagnated in the second, while INSEE cut its own projection to 0.4%, warning the economy was "losing ground."
The ECB's decision was largely priced in before it was announced, but mortgage rates could rise further across the eurozone's biggest economies as banks respond to persistent inflation and elevated market rates.
Anthropic has published an economic model projecting how AI might reshape the US economy by 2030, and its three scenarios range from barely perceptible to a boom with no historical precedent, including one in which GDP grows 15% a year while nearly a fifth of office workers are out of a job.