Banque de France
BDFPaper
France's net external position falls to -29.6 percent of GDP
France's current account deficit widened slightly to EUR 11.6 billion in 2025, while its net international investment position deteriorated to a negative EUR 885.4 billion, or -29.6 percent of GDP.
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BDFPaper
US markets record 374 IPOs in 2025 compared with 55 across the EU
European equity markets lagged the United States with 55 initial public offerings compared to 374 in 2025, according to a Banque de France assessment.
BDFDecoder
Young worker hiring falls 28 percent in AI-exposed roles
Permanent contract hires for 21-to-29-year-olds in occupations most exposed to generative AI fell 28 percent by March 2026, Banque de France research shows.
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BDFPaper
Distributional HANK models reshape central bank DSGE toolkits
Christophe Cahn, Patrick Fève and Julien Matheron trace the evolution of DSGE models in central banking in a Banque de France paper.
BDFDecoder
CRD6 mandates prudential climate transition plans for French banks
The French transposition of the EU Capital Requirements Directive has made prudential transition plans mandatory for banks since April 2026.
BDFDecoder
Household uncertainty predicts inflation forecast errors
Subjective uncertainty reported by households reliably predicts the accuracy of their inflation forecasts, according to a study by Paul Hubert and Rose Portier analyzing nearly one million responses across four euro area and US surveys.
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BDFPaper
French corporate bankruptcies hit record 68,602 in 2025
Corporate bankruptcies in France rose 3.6 percent in 2025 to reach an all-time high of 68,602 proceedings, according to a Banque de France report.
BDFPaper
French corporate insolvencies rise 3.6 percent to 68,602 in 2025
Corporate insolvencies in France rose 3.6 percent in 2025 to reach 68,602 cases, exceeding the 2010-2019 pre-pandemic average by 15 percent.
BDFDecoder
Chinese imports pressure five French manufacturing sectors
China's share of French industrial imports reached 10.7 percent at year-end 2025, increasing competitive pressure on five key domestic industries.
BDFPaper
High inflation breaks stock and corporate bond diversification
Corporate bond and equity returns in the euro area increasingly move together during inflationary periods, according to a Banque de France working paper.
BDFPaper
Rate cuts raise medium-term wealth inequality via mortgage debt
A Banque de France working paper finds that interest rate cuts reduce US wealth inequality in the short term but widen it after six years.
BDFData
French GDP to grow 0.1 percent in Q3 as activity rebounds
The Banque de France estimates gross domestic product will grow by 0.1 percent in the third quarter of 2026, supported by market services and a rebound in manufacturing.