France · Country watch
IMF Lowers France Growth, Cyberattack Hits Supermarkets
The IMF cuts France's growth forecast, and a cyberattack disrupts U supermarkets, affecting operations and supply chains.
In this briefing Dominique Schelcher · Coopérative U · Greta Thunberg · French education system · International Monetary Fund · France
Regulation
Nothing significant reported today.
Disruption
Cyberattack disrupts operations at U supermarkets
A cyberattack has impacted the refrigeration systems of 80 U supermarkets, leading to the spoilage of goods, according to BFM Business and France Info. Dominique Schelcher, CEO of Coopérative U, stated that the attack was unprecedented and unexpected, affecting a minority of the stores. The incident has raised concerns about food safety and supply chain disruptions within the retail sector.
Impact Retailers and supply chain managers face operational challenges and potential financial losses due to the cyberattack on U supermarkets.
Sources: BFM Business ↗, France Info ↗
Internal tension
Lycée protests escalate with nationwide Act V mobilization
Nationwide protests continue as lycée students enter 'Act V' of their mobilization, demanding more resources for education, according to BFMTV and France Bleu. The demonstrations, supported by six education unions, include school blockades and strikes. Greta Thunberg has shown support by joining students in Saint-Denis. The protests have intensified since mid-September, disrupting educational institutions and drawing significant public attention.
Impact Educational institutions and public-sector employers face disruptions and operational challenges due to ongoing lycée protests.
Sources: BFMTV ↗, France Bleu ↗, BFMTV ↗
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
IMF cuts France's growth forecast to 0.4% for 2026
The International Monetary Fund (IMF) has lowered its growth forecast for France to 0.4% for 2026, down by 0.2 points, while raising its growth projections for the eurozone to 1.1%, according to reports from Toute l'Europe and Sud Ouest Économie. The revised forecast for France contrasts with the improved outlook for other major European economies. The IMF's report highlights concerns about France's economic dynamics compared to its European counterparts.
Impact Investors in French markets face a less optimistic growth outlook, potentially affecting investment decisions and economic planning.
Sources: Toute l'Europe ↗, Sud Ouest Économie ↗
Trade
Nothing significant reported today.
Politics
Nothing significant reported today.
Also today in France
- Horizons propose un budget alternatif avec 10 milliards d'euros d'économies supplémentaires — Le Journal du Net
- Mobilisation des lycéens : "35 % des remplaçants disponibles ont déjà été affectés", assure Édouard Geffray, le ministre de l'Éducation nationale — France Info
- La Russie annonce avoir livré pour 320 milliards de dollars d’hydrocarbures à l’Europe depuis 2022 — 20 Minutes
- Mobilisation lycéenne : quel dispositif de sécurité ce mardi ? — BFMTV
- Mouvement lycéens: les affrontements avec les forces de l'ordre ont éclaté à Bordeaux, Reims ou encore Lyon, huit personnels de l'Éducation nationale ont été blessés — BFMTV
- Mobilisation des lycéens : une plateforme de la LDH pour recenser des violences policières recueille une centaine de signalements en une semaine — France Info
- La balance commerciale agricole en "léger rebond" par rapport à l'an dernier mais la croissance des exportations "reste insuffisante" — BFM Business
- Tensions et affrontements devant la faculté d'Assas: un étudiant blessé ce matin après des tirs de projectiles — BFMTV
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: Gas Subsidy Cuts; Paraná River Floods; Inflation Rises
- Brazil: Lula's SME Credit Boost, New Consumer Rules
- Canada: Ontario Drug Rule, TC Energy Deal, Alberta Vote
- China: HK Green Trading Pilot, Mainland Stocks Fall
- Colombia: Coal Exports Resume, Power Rationing Deadline Set
- Germany: IMF Boosts German Growth, Starlink Sabotage Arrests
- Egypt: Egypt's Trade Deficit Widens, Journalists Detained
- Spain: Madrid Metro Safety Risk, ID Finance Raises €545M
- United Kingdom: Cyberattack Hits UK Fashion Brands, Scottish Economy Rebounds
- Indonesia: IHSG Declines, Minimum Wage Proposal, Forest Fires
- Israel: Ben-Gurion Bomb Threat, Israir Freezes Morocco Sales
- India: IMD Weather Alert, Delhi Protests Impact Business
- Iraq: Iraq Customs Revenue Rises, Telecom Faces Subscriber Loss
- Iran: Iran-Azerbaijan Agreements, Dollar Declines
- Italy: New Road Code, Budget Delays, Cybersecurity Concerns
- Japan: Nikkei Plunge, Hokkaido Storm Warning, BOJ Rate Relief
- Kenya: Nairobi Water Shutdown, KRA Revenue Surge
- South Korea: KOSPI Plummets, LS Electric Secures US Deal
- Lebanon: Lebanon Seeks IMF Support, US Revives Framework Deal
- Morocco: Pharma Price Revisions, Treasury Deficit Drops
- Mexico: Senate Tightens Customs Law, Sheinbaum Offers Tax Incentives
- Malaysia: MyEG Investigation; Malaysia Airlines Cancels Flights
- Nigeria: US Blacklists Nigeria, Tinubu's Legislative Push
- Netherlands: Albert Heijn Cyberattack, Dutch Economy Growth Revised
- Poland: Senate Passes Internet Bill, RCB Alert Ends
- Portugal: Portugal Inflation Rises, Madeira Launches SMS Alerts
- Russia: Moscow Exchange Falls, IMF Oil Price Forecast
- Senegal: Senegal Water Disruptions, Flood Audit Ordered
- Syria: Fuel Arrivals in Baniyas, Currency Pressure Rises
- Turkey: IMF Revises Turkey's Growth, Kocaeli Traffic Ban
- Ukraine: Ukraine Delays Payments, Train Disruptions Persist
- United States: Six Flags Closes Rides, Measles Spurs Vaccinations
- Vietnam: Techcombank Boosts Capital, US Increases Vietnam Pepper Imports
- South Africa: Supplement Crackdown Risks R22bn Industry, Water Disruption