France country report

The year-old former banker launched an independent campaign for the presidency little over a year before the election, and his En Marche!

France country report

Latest wires June 1, - May 31, Concerns about the impact of disinformation and political bot operations heightened in the run-up to the French presidential election, as leaked communications related to candidate Emmanuel Macron were dumped online and amplified by automated accounts in attempts to destabilize the race right before campaigning closed see Limits on Content.

Collection complexity Better late than never! Inthe recovery should continue, but at a moderate pace. Interestingly, growth will be more balanced because investment will contribute positively for the first time since Still, real GDP growth has been on a downward trend since the end of the s, resulting from a fall in labor productivity -1pp every decade for the past 30 years.

The government is trying to address this issue with various laws aiming at deregulating the economy, such as the Macron Act in and, more recently, the El Khomri Labor Act.

However, not unlike what happened with the former, we expect the latter to be watered down in its final form, so that its economic impact will probably prove limited. Moreover, it aims strongly at reducing labor costs but it lacks proposals as regards enhancing the productivity of low-skilled workers through vocational training for instance.

These boosts are made for walking: A positive demand shock backed by a supply-side boost Aggregate demand took a boost last year, as the oil price slump lifted consumer spending and the recovery in the Euro Area helped the export sector.

Moreover, the policy-mix became more growth supportive. Fiscal policy was less contractionary, as public investment is no longer falling. Monetary policy was made more accommodative by the ECB, favouring a new decrease in debt costs. Investment in construction remained a drag on growth but is expected to land during Low borrowing costs fuelled housing sales and regulations Pinel Act were implemented in order to help rental housing.

Potential growth not so far from stagnation Private debt is not very high in France. The reason why the private sector maintains a high saving ratio can be related to the structural fiscal deficit Ricardian equivalence: The relative weakness of the export sector during the last ten years can be explained by sectoral reallocations, implying that resources labour and capital were mainly allocated to sectors with low productivity growth e.

France was clearly moving down the value chain. The goods produced and exported became less complex, implying a rising number of competitors. Low innovation and low productivity gains explained why competitiveness and labour costs became such an issue.

As a result, the unemployment rate should not decrease dramatically during the next quarters.

France country report

A small improvement was seen, but it was mainly through temporary employment, as growth still remains too bumpy and the uncertainties are still too strong. The cyclical outlook is helped by a negative output gap, but we expect that this output gap will only close in In real terms, investment is 8.

This deficit is broad-based, echoing throughout all sectors. The sectors related to services should remain the best performers, but other sectors are expected to register a better performance than in Turnovers growth should prove positive but anaemic in the manufacturing sector, and landing is expected in the construction sector see Figure 4.

Insolvencies are expected to decrease in The negative inflation surprise weighed on the number of insolvencies in In the agricultural sector, the number of insolvencies is lower about per year but is the highest on record, as this sector is trapped by persistently low prices.Michelin France Map (Maps/Country (Michelin)) [Michelin] on *FREE* shipping on qualifying offers.

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France (French:), officially the French Republic (French: République française; French pronunciation: [ʁepyblik fʁɑ̃sɛz]), is a country whose territory consists of metropolitan France in Western Europe and several overseas regions and territories.

The metropolitan area of France extends from the Mediterranean Sea to the English Channel and the North Sea, and from the Rhine to the. Current, accurate and in depth facts on France. Unique cultural information provided. 35, + pages CountryReports - Your World Discovered! The European Semester provides a framework for the coordination of economic policies across the European Union.

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