Part-PAR-Par8048484-1-1-0

French economy to pick up – but jobless at record highs

Unemployment in mainland France is forecast to hit a 20-year record high of 10.2 percent in 2015, the INSEE national statistics office saidFrance’s economy, the second-largest in the eurozone, will perk up slightly in the first half of the year but unemployment is expected to stay at record highs, according to forecasts. The forecasts suggest there is a good chance the French economy will grow faster over the whole year than the 1.0 percent Paris currently estimates. “The one-percent for 2015, seen by many as unrealistic a few months ago, now looks like the minimum,” said Finance Minister Michel Sapin. Economists and the government estimate that a growth rate of around 1.5 percent annually is required to push unemployment down.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article