Charles Znaty, president of Medef Paris, has expressed grave concerns about the economic outlook for France, suggesting that the country could end the year in recession due to budget uncertainties. He highlighted that many businesses are delaying investments and hiring as a result of the current climate, which is exacerbated by the government’s lack of a budget amid motions of censure. Znaty also warned of the impact on households and the potential international repercussions, especially regarding access to loans and rising debt costs.

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