Protests swept France this weekend as the eurozone’s second-largest economy faces stagflation. Inflation reached 3.4% in September, its fastest pace since January, while GDP growth was revised down to 0.5% for 2026 and wages rose only 1.7% in the second quarter. Unemployment exceeds 8%, with youth joblessness at 20%. French bond yields have hit their highest level in 24 years, signaling a major fiscal crisis. By comparison, the United States posted 2.2% GDP growth in the second quarter with unemployment at just 4.2%, helping offset inflation of 3.7%.
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