International Monetary Fund

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Emmanuel Macron President of the Republic of France at a press conference after the end of the 2 day European Council and Euro Summit the EU leaders meeting at the headquarters of the European Union The French President does a statement and responds to questions from journalists from international media and press EU leaders and heads of states have on their agenda to discuss on the 2day summit the topics of the humanitarian pauses in Israels war with Hamas push for humanitarian aid corridors into besieged Gaza the support to Ukraine after Russias invasion economy and the migration crisis situation EUCO in Brussels Belgium on 27 October 2023 Photo by Nicolas EconomouNurPhoto via Getty Images

The French economy's Macron bubble is bursting

Cheap debt and a luxury boom have flattered the French economy. That streak of luck is running out.