ECB’s Moulin forecasts France GDP growth of about 0.3% in 2026

The signal here is the source as much as the number: a Bank of France governor putting 2026 growth near 0.3% frames a slow baseline for the euro area's second-largest economy, which matters for how ECB policy is read into next year. The energy comment is the softer counterpoint, since cheaper energy would ease the inflation and purchasing-power pressure that has weighed on French activity. The open question is whether that energy relief translates into firmer domestic demand, or whether the weak growth path holds regardless.