France's hung parliament may lead to market uncertainty, lower equity valuations, and a challenging fiscal position.
A hung parliament in France may create market uncertainty and potential volatility, as no single party is expected to secure an absolute majority. This may lead to lower equity market valuations and a challenging fiscal position for France, with the European Commission planning to place the country under an Excessive Deficit Procedure. Analysts warn of a 5-20% decline in stock markets and increased volatility in French equities.
July 07, 2024
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