The French Minister of Finance, Bruno Le Maire, said on Friday that he expects France’s economy to perform better than initially expected. “I think we will do better in 2020 than the 11% recession forecast at the moment,” said the French minister in a TV interview as cited by Reuters. …
Read More »France Launches a Stimulus of 100 Billion to Revive Economy
France intends to spend 100 billion euros, equivalent to 118 billion dollars, to extricate its economy from a severe downturn caused by the Corona pandemic, indicating the renewed efforts made by President Emmanuel Macron to push a supportive reform schedule for companies. An official said ahead of the official launch, …
Read More »France: Number of Unemployed Fell by More Than 174,000 in July
French Labor Ministry data showed that the number of unemployed in the country fell by 174.3 thousand in July after a record low in June. The ministry added that the number registered with government employment offices as unemployed reached 4.046 million in July. Last month, France recorded the largest monthly …
Read More »Germany Issues Travel Warning For Paris, Cote d’Azur Regions
The German Foreign Ministry said that Berlin issued a travel advisory against the Paris regions and the French Riviera due to the high cases of Coronavirus there. The ministry added that it had warned against unnecessary tourist trips to the Ile-de-France region, which includes the French capital, and the southern …
Read More »French Government: Paris is a High-Risk Area Again
According to a decree published on Friday, the French government has declared the capital, Paris, and the Bouches-du-Rhone region around Marseille on the Mediterranean coast, “red” areas where the chances of infection with the Coronavirus are high. The decree gives local authorities the power to control the movement of people …
Read More »French Unemployment Rate Hits 37-Year Low
Data from the National Institute of Statistics and Economic Studies in France showed that unemployment in the country fell to its lowest level in 37 years during Q2, as a downward trend that continued for several years was exacerbated by the general isolation measures imposed to confront the Coronavirus, which …
Read More »French PM Warns of COVID-19 Second Wave
The French Prime Minister Jean Castex has warned that a second COVID-19 wave could be harder to contain, calling for collective efforts to reduce the rate of infections and face the pandemic, The PM expressed concerns that the general public is becoming careless. France reported 1,397 new COVID-19 confirmed cases …
Read More »French Economic Activity Down in July
French economic activity in July declined by 7% from its pre-pandemic level, which reflects a slight improvement compared to June, which recorded a decrease of 9%. The construction sector approaches pre-pandemic levels, according to the latest report issued by the French Central Bank. In its monthly business conditions report, the …
Read More »French Jobless Total Drops in June
Data from the French Ministry of Labor showed on Monday that France is experiencing the largest decrease in total unemployment as job seekers find part-time jobs. The ministry said the number of unemployment in government employment agencies decreased by 204,700 in June, the largest monthly drop ever to 4,220,900. The …
Read More »French Finance Minister: Expects The Economy to Grow 8% in 2021
French Finance Minister Bruno Le Maire said on Thursday that his country expects the economy to grow 8 percent in 2021. Le Maire told the National Assembly that the government wanted the economic activity to return to pre-crisis levels, starting in 2022. He also said that the latest data was …
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