The Local France

Stalled France economy sees return to growth

Fri, 13 Nov 2015 10:20:52 +0100

France's economy returned to growth in the third quarter of this year, expanding by 0.3 percent, after having earlier stalled, the national statistics agency said on Friday.

France tops global table for welfare spending

Fri, 26 Jul 2013 13:19:00 +0200

France’s Socialist administration continues to shell out more on social spending than any other government, according to a report published on Thursday by the OECD. But how long it will it continue to do so.

France 'spitting in wind with anti-global view'

Wed, 15 May 2013 16:04:00 +0200

The President of the EU commission made it clear on Wednesday what he thinks France could do to boost its economy, as new figures show the country is officially in recession. Economists told The Local, however, that it's Europe that needs to act.

Crisis grows as France officially enters recession

Wed, 15 May 2013 11:13:00 +0200

There was more bad news for France on the financial front on Wednesday when new figures confirmed the country had officially entered a recession with GDP contracting by 0.2 percent for the first quarter of 2013 - the second consecutive drop.

France announces plan to cut deficit by 2014

Wed, 17 Apr 2013 16:18:03 +0200

France announced a plan on Wednesday to bring its public deficit below the EU limit of 3.0 percent of GDP by 2014, one year later than expected. The project involves higher taxes, and finding savings in France's extensive social security system.

France 'on right track' despite target miss

Sat, 30 Mar 2013 09:00:00 +0100

France insisted that is making progress on balancing its public finances despite data released Friday that showed it had missed its deficit target.

France battling in vain to hit EU deficit target

Tue, 12 Mar 2013 14:35:00 +0100

France's public deficit would probably amount to 3.7 percent of national output this year, President François Hollande admitted on Tuesday, publicly renouncing his government's goal of coming in below the EU limit of three percent.

'Little chance' of France hitting growth forecast

Tue, 12 Feb 2013 15:02:00 +0100

French President Francois Hollande said France's growth forecast for 2013 could be reviewed in coming days as the country's accounting court warned government targets for the year had "little chance" of being achieved.

Deficit to fall below 5.5 percent in 2011: minister

Wed, 25 Jan 2012 11:52:00 +0100

Budget minister Valérie Pécresse told parliament on Tuesday that the French budget deficit for 2011 would "probably be less than 5.5 percent."