Positive results for French economy

Record tourist numbers and firms are hiring again

The outlook is positive for the French economy with tourist numbers at a record high and employment at its highest level for 37 years.

Economists put the improvement down to a mixture of global factors and policies of the European Central Bank – the euro zone in general is performing well – plus Hollande-era measures for businesses which have borne fruit and are helping to create jobs.

The national statistics body Insee predicts 1.6% economic growth in GDP in 2017 with some economists going further and predicting 1.8% based on current trends. This compares to 1.1% in 2016 and is a boost after recent years which saw in 2009 the worst recession since the Second World War followed mostly by years of sluggish growth. 

It also means France’s economic growth is likely to outpace that of the UK this year, which global accounting firm PwC forecasts will be 1.5%, dropping to 1.4% in 2018. Meanwhile the euro continues to strengthen (compared to sterling at €1.08 [August 28, 2017] which is at its lowest since 2009).

Economist Hélène Timoshkin from the economic ...

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