France’s unemployment rate climbed to the highest in almost 16 years in the third quarter as President Francois Hollande struggles to revive an economy that has barely grown in two years.
President Francois Hollande’s 75 percent millionaire-tax is unconstitutional because it fails to guarantee taxpayer equality, France’s top court ruled today.
French business confidence climbed for the first time this year last month and factory output unexpectedly increased in July, suggesting the euro region’s second-largest economy may regain some strength.
Belgium’s expansion slowed in the first quarter as harsh weather hampered the economy’s recovery from the worst slump in at least six decades.
French service industry output slumped to a 46-month low and manufacturing fell, adding to indications Europe’s second-largest economy may be in recession.
French inflation held steady in November, suggesting companies are struggling to pass on higher energy costs as the economy weakens.
The euro-area inflation rate unexpectedly fell in January as high unemployment and austerity measures across the 17-nation currency bloc damped demand.
French President Francois Hollande’s Socialist Party is set to win the largest number of seats in parliament, exit polls for the first round of the country’s legislative elections yesterday showed.
French business confidence and industrial production unexpectedly declined as President Francois Hollande grapples with a budget deficit and an economy that is on the verge of recession.
France’s trade deficit widened to a 19-month high in May as a drop in the number of aircraft delivered to foreign buyers weighed on exports.
"The data is not too surprising as the impact of sales in January on retail prices and oil price fluctuations are always difficult to predict."
- Dominique Barbet on Feb 01, 2013
BNP's Barbet Discusses French Elections, Budget