world-economy

French Finance Minister Expects Economic Recovery in Q2 Despite Rising Joblessness

France's economy should return to growth in the second quarter and sidestep recession this year, Finance Minister Roland Lescure said Tuesday. The outlook comes as French unemployment unexpectedly climbed above 8 percent, marking the highest jobless rate since 2021 and signaling headwinds facing Europe's second-largest economy. The labor market deterioration adds pressure on policymakers managing broader economic challenges affecting the continent. Lescure's recovery projection reflects cautious optimism that first-quarter weakness will prove temporary. Business activity and consumer demand are expected to gain momentum in coming months. The unemployment surge underscores ongoing fragility in the French labor market even as officials anticipate improved economic conditions ahead. Officials are monitoring whether the expected rebound materializes through spring months.