France's Economy Outperforms Germany's in Q3 Despite High Debts
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France's economy grew in Q3 2022 while Germany's shrank, defying expectations. Strong aerospace and tourism sectors boosted France.
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Structural differences help explain the divergence - France has more services, Germany more industry. High energy costs and supply chain issues hit German manufacturing.
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France provided more government support during crises like the pandemic. It reacted faster to shield households and companies.
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President Macron's reforms since 2017 have helped - lowering corporate taxes, reforming labor laws, reducing unemployment.
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But France's debts have mounted, limiting future spending. Germany's model remains strong overall, diversification helps the eurozone.