French Finance Minister Bruno Le Maire announces a reduction in the forecasted GDP growth for 2024 to 1% from 1.4%, citing conflicts in Ukraine and Gaza, as well as economic slowdowns in major trading partners Germany and China. In an interview with French television TF1, he reveals plans to cut state spending by 10 billion euros ($10.8 billion) across all departments and agencies. Despite the positive growth forecast, the geopolitical context, including issues with maritime transport in the Red Sea and economic slowdowns in China and Germany, is considered. Le Maire emphasizes no tax increases or cuts in social security payments to citizens but stresses that all government ministries and agencies will contribute to spending cuts.