Moody's: France's wider-than expected 2023 deficit makes 2.7% deficit by 2027 unlikely

Credit rating agency Moody's said on Wednesday that France's wider-than-expected deficit in 2023 meant it was unlikely that France could reduce that deficit equivalent to 2.7% of gross domestic product by 2027.

The latest data point to somewhat higher debt for longer than previously expected, Moody's said.