France's Economy Outperforms Germany's Despite Looming Debt Concerns
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France's economy grew in Q3 2022 while Germany's shrank, defying expectations. Experts praise France's economic reforms and swift crisis response.
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France benefits from large services sector and cheap nuclear energy, while Germany relies on struggling manufacturing and exports.
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High energy costs and lack of electric vehicle production burden Germany. France reacted faster to crises with subsidies.
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Macron's reforms like lower corporate taxes and flexible labor laws are paying dividends. Unemployment is at 20-year low.
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But France's debt and deficits have ballooned. Eventual austerity could spur instability. Germany's model still considered strong.