France’s Lescure Sees Economy Overcoming Short-Term Slowdown

France is banking on longer-term investment, including from US firms in data centers, to help overcome a slowdown from the fallout of the conflict in the Middle East, Finance Minister Roland Lescure said.

“The French economy was pretty strong getting into that crisis, we have a bit of a slowdown in the short run but again what we are doing is investment,” Lescure told Bloomberg Television’s Lisa Abramowicz and Jonathan Ferro. “At the moment when someone wants to put a data center somewhere, not in the US, they look at France because we have carbon-free, ample and cheap electricity.”