Moody's Warns of Economic Challenges for France After Election Stalemate

Moody's has raised concerns about France's economic outlook following legislative elections that resulted in a hung parliament. The New Popular Front (NFP) won the highest number of seats, followed by President Macron's Ensemble party and the far-right National Rally. The lack of an absolute majority could lead to political gridlock and may complicate efforts to manage the nation's debt. France's budget deficit and public spending are other critical points highlighted by the credit rating agency.