France's 10-year government bond yield has risen nearly 0.8 percentage points since early September to near 5% in early October, its highest since July 2002, while its spread over German bonds has exceeded 1.4 points, according to Reuters. Public debt reached about 3,460 billion euros, or 115.6% of GDP, at end-2025, and the European Commission projects it could rise to 118.1% of GDP in 2026 and above 120% in 2027 if fiscal policy is unchanged. The 2025 budget deficit was 5.1% of GDP, well above the EU's 3% limit, while growth is forecast at about 0.8% in 2025 and 2026 and 1.1% in 2027. Foreign investors held about 58.4% of long-term government debt by end-June 2026, and the government plans record bond issuance of about 340 billion euros next year amid a divided parliament ahead of the 2027 presidential election. Investors are now asking whether the ECB may need to intervene to stabilise markets.
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Original headline: Một trong những nền kinh tế lớn nhất thế giới ‘lún sâu’ vào nợ nần: Gánh gần 3.900 tỷ USD, nguy cơ khủng hoảng lan rộng
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The IMF projects India will overtake Japan to become the world's fourth-largest economy in 2027, behind the United States, China and Germany. Japan is forecast to grow just 0.7% in 2026, amid consumer price increases since spring 2022, higher energy costs linked to the Iran war, a weak yen and an ageing population. The IMF also welcomed India's revised GDP methodology as consistent with international best practice, though it said there was still room for improvement. The debate continues over India's 7.8% growth in the June quarter: former finance secretary S C Garg alleged the figure was artificially boosted by compressing the prior year's data, while Chief Economic Adviser V Anantha Nageswaran rejected the criticism as “cherry-picking”.
- Yes, California, you’re the world’s fourth-largest economy – Press Telegram
California’s latest GDP, based on the U.S. Bureau of Economic Analysis’s mid-year figures and measured in U.S. dollars, reached $4.53 trillion, up 5% from last year, placing the state fourth in the world behind the U.S., China and Germany. That position is tenuous, as California is only slightly ahead of Japan ($4.34 trillion), while the U.K. ($4.27 trillion) and India ($4.06 trillion) trail closely behind. The article notes that 2026 is not over, full IMF figures arrive in April 2027, and a roughly 3% rise in the dollar has boosted the U.S.-dollar-based results. Because of historical revisions, California ranked fifth from 2019 through last year, so 2026 could be its first year in the fourth spot.
- Yes, California, you're the world's fourth-largest economy – Orange County Register
Columnist Jonathan Lansner's calculations put California's 2026 GDP at $4.53 trillion, up 5% from 2025, which keeps the state narrowly fourth in the world behind the U.S. ($33 trillion), China ($22 trillion) and Germany ($5.5 trillion). The spot is tenuous: Japan's $4.34 trillion economy, which shrank 2%, is only slightly behind, while the U.K. ($4.27 trillion) and India ($4.06 trillion) follow. The article notes that 2026 is not over, the full picture will come with the IMF's April 2027 update, and a roughly 3% rise in the dollar has boosted dollar-denominated GDP totals. Revisions to historical data had ranked California fifth from 2019 through 2025 rather than fourth from 2024 as previously reported, so 2026 would be its first time in the No. 4 spot if the latest numbers hold.
- Yes , California , youre the world fourth - largest economy – Daily News
According to columnist Jonathan Lansner, California's latest GDP of $4.53 trillion, up 5% from 2025, keeps the state at the world's fourth-largest economy when compared with IMF estimates for nations. The ranking is tenuous: Japan is only slightly smaller at $4.34 trillion and shrank 2% over the past year, while the UK ($4.27 trillion) and India ($4.06 trillion) are also close behind. The article notes that 2026 is not over, the IMF's next full update comes in April 2027, and the roughly 3% rise of the U.S. dollar also boosts the figures. Because of historical revisions, California ranked fifth from 2019 through last year, so 2026 would be its first year in the No. 4 spot if the latest data holds.
- In charts: How one of the world's biggest economies got trapped by debt
France's parliament begins debating the 2027 budget as high deficits, rising debt and student protests intensify pressure on fiscal consolidation. Many market watchers warn the euro zone's second-biggest economy risks a debt crisis that could drag the continent down unless it sustainably cuts its deficit, which has been among Europe's highest relative to GDP for nearly a decade under President Emmanuel Macron. Social spending, particularly on pensions and healthcare, remains well above peers, while weak growth has failed to offset it. Government borrowing costs have hit their highest level in nearly a quarter century, widening the bond yield gap with Germany and raising questions over whether the ECB would need to intervene. INSEAD professor Antonio Fatas says the ECB will not bail out France, though it would step in during a broader European crisis.
- Yes, California, you're the world's fourth-largest economy – Daily Bulletin
Columnist Jonathan Lansner's calculations put California's 2026 GDP at $4.53 trillion, up 5% from 2025, which keeps the state narrowly fourth in the world behind the U.S. ($33 trillion), China ($22 trillion) and Germany ($5.5 trillion). The spot is tenuous: Japan's $4.34 trillion economy, which shrank 2%, is only slightly behind, while the U.K. ($4.27 trillion) and India ($4.06 trillion) follow. The article notes that 2026 is not over, the full picture will come with the IMF's April 2027 update, and a roughly 3% rise in the dollar has boosted dollar-denominated GDP totals. Revisions to historical data had ranked California fifth from 2019 through 2025 rather than fourth from 2024 as previously reported, so 2026 would be its first time in the No. 4 spot if the latest numbers hold.
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