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France Economy

France 'set for 2009 recession'

The French national statistics agency predicts that the country will officially enter recession in the early months of 2009.
Ref. Source 4

Keywords: French Economy

Economy France

FRANCE: Public debt estimate revised down but set to hit record high in 2010
Local French Business Updates

French public debt for 2010 is now seen at 83.2 percent of GDP, down from the 84 percent estimated previously. The revised figure reflects, in part, improved 2010 growth prospects. Still, public debt is set to hit a record high.
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France Economy History & Civil Business Politics

France unveils 'harshest budget in 30 years':

Hollande's 2013 budget asks for 'unprecedented effort' to find €36.9bn in savings and includes the 75% supertax on the rich Ref. Source 3

Economy France

France's rating downgrade a warning for banks:

French banks were reminded of risks to their own growth and credit ratings when Moody's stripped France of its triple-A badge because of an uncertain fiscal and economic outlook. Ref. Source 5

Economy France

France loses its third triple-A

Fitch agency's announcement on July 12 that it was downgrading the country's AAA credit rating to AA+. Fitch, which after Standard & Poor's and Moody's was the last major agency to maintain France at the highest level, said the downgrade came because of sustained high debt, the spike in unemployment levels and the absence of growth. Ref. Source 4

France Economy

France wins Saudi defence deal: Report:

France has won a billion euro defence contract with Saudi Arabia to overhaul four frigates and two refuelling ships, sources said on Thursday. Ref. Source 9

France Economy

French debt 'to hit nearly 2 trln euros'

France's public debt is expected to hit nearly two trillion euros ($2.7 trillion) by the end of 2014, or 95.1 percent of GDP, far higher than previous government estimates, the Le Figaro daily reported Tuesday. Ref. Source 3

France Economy Politics Business Civil & History

French president declares economic emergency:

French President Francois Hollande pledged Monday to redefine France's business model and declared what he called "A state of economic and social emergency," unveiling a 2-billion-euro ($2.2 billion) plan to revive hiring and catch up with a fast-moving world economy. Ref. Source 1q.