France economy - updates

Rappler's latest stories on France economy


Quick economic rebound possible for France – stats office

Jul 08, 2020 - 7:15 PM

France's statistics office INSEE issues a more optimistic forecast for the country's economy in 2020

SAFER. People ride their bicycles on Champs Elysees Avenue in Paris, France on May 11, 2020. Photo by Bertrand Guay/AFP

France likely to see 800,000 job losses in coming months

Jun 10, 2020 - 11:25 PM

This figure amounts to 2.8% of total employment in France

HALTED. Buildings of the business district of La Defense, on the outskirts of Paris, as France is under lockdown on March 25, 2020. Photo by Philippe Lopez/AFP

France pledges 15 billion euros for stricken aviation firms

Jun 09, 2020 - 10:45 PM

(UPDATED) The French government says it is taking action to save around 100,000 jobs in the country's aviation industry

AIR FRANCE. A plane of the French airline parked at the Paris-Charles de Gaulle Airport. Photo from Shutterstock

French economy to shrink about 10% in 2020, recovery mid-2022

Jun 09, 2020 - 9:00 PM

The Bank of France's forecasts assume that the coronavirus will continue to spread but remain under control, and that the economy will adapt to the health measures required

WALK. A man walks his dog in front of the Eiffel Tower in Paris on April 5, 2020, on the twentieth day of a lockdown in France aimed at curbing the spread of COVID-19. Photo by Philippe Lopez/AFP

French economy to shrink 11% in 2020 – minister

Jun 02, 2020 - 3:30 PM

'The shock is very brutal,' says French Finance Minister Bruno Le Maire

The Eiffel Tower is seen as a backdrop to bronze statues, one dressed in a mask across her nose and mouth, emmulating the ations of many citizens protecting themselves against the novel coronavirus, COVID-19, at the Parvis des Droits de l'Homme in Paris on May 2, 2020, on the 47th day of a strict lockdown in France aimed at curbing the spread of the COVID-19 pandemic. (Photo by Alain JOCARD / AFP)

French economy making 'cautious' virus lockdown recovery

May 27, 2020 - 10:25 PM

A return to normal will likely take many months, warns France's national statistics agency

EIFFEL TOWER. General view of the illuminated Eiffel Tower reflected on the Seine river in Paris, France, on April 12, 2020. Photo by Ludovic Marin/AFP

France announces rescue plan for virus-stricken tourism sector

May 14, 2020 - 8:00 PM

The French government's coronavirus aid package for the tourism sector is worth 18 billion euros ($19.4 billion)

EMPTY. A man walks on the deserted Trocadero square in front of the Eiffel Tower on March 21, 2020 in Paris on the 5th day of a strict nationwide lockdown seeking to halt the spread of the COVID-19 infection caused by novel coronavirus. Photo by Lionel Bonaventure/AFP

French industrial output plunges by 16.2% in March 2020

May 07, 2020 - 5:15 PM

In terms of industrial output, construction activity is hit the hardest in France in March 2020 as it contracts by 40.1%

PARTIAL RESUMPTION. An employee of Toyota works on an assembly line in Onnaing, France, on April 21, 2020. Photo by Francois Lo Presti/AFP

France in recession as virus-hit economy shrinks 5.8%

Apr 30, 2020 - 4:25 PM

France's economy registers its worst quarterly performance since the Insee statistics agency began charting French gross domestic product in 1949

General view of the illuminated Eiffel Tower reflected on the Seine river in Paris at night, on April 12, 2020, during a strict lockdown in France to stop the spread of COVID-19 (novel coronavirus). (Photo by Ludovic MARIN / AFP)

Half of French private-sector workers now unemployed

Apr 22, 2020 - 4:35 PM

French Labor Minister Muriel Penicaud says entire sectors of the economy have effectively been shut down, leading to 10.2 million employees being laid off

ESSENTIALS. People queue to buy fruits and vegetables at a shop in Paris, France, on March 22, 2020. Photo by Lionel Bonaventure/AFP

France warns of 8% GDP drop in 2020 after lockdown extension

Apr 14, 2020 - 7:10 PM

With France's coronavirus lockdown extended until May 11, the economic impact is seen to be even worse than initially projected

PARIS SCENE. A woman wearing a face mask looks through the windows of the La Chapelle metro station as she waits on the platform on March 27, 2020, in Paris, on the eleventh day of a strict nationwide confinement seeking to curb the spread of the novel coronavirus disease. Photo by Joel Saget/AFP

France, Germany face historic economic declines

Apr 08, 2020 - 11:20 PM

Germany's gross domestic product is expected to shrink by nearly 10% in the 2nd quarter of 2020, while France's 1st quarter performance is seen to be its worst since 1945

(FILES) This file photograph taken on March 25, 2020, shows buildings of the business district of La Defense,on the outskirts of Paris, as the country is under lockdown to attempt to halt the spread of COVID-19 (novel coronavirus). - France is facing its deepest recession since the end of World War II because of the widespread lockdown to stem the coronavirus crisis, Finance Minister Bruno Le Maire warned April 6, 2020, "The worst growth figure in France since 1945 was -2.2 percent in 2009, after the financial crisis of 2008. We will probably be very far beyond -2.2 percent" this year, Le Maire told a Senate panel. (Photo by PHILIPPE LOPEZ / AFP)

France heading for worst recession since WWII – minister

Apr 06, 2020 - 8:30 PM

'It's an indication of the amplitude of the economic shock we're facing,' warns French Finance Minister Bruno Le Maire

WAITING. A woman sits on the stairs of the Sacre Coeur Basilica in the touristic district of Montmartre in Paris on March 31, 2020 on the 15th day of a strict lockdown in France. Photo by Philippe Lopez/AFP

France urges companies to not pay dividends

Mar 30, 2020 - 11:25 PM

'We also won't tolerate companies buying back shares.... Share buybacks are not compatible with support from the state treasury,' says French Finance Minister Bruno Le Maire

CORONAVIRUS. Tourists wearing a protective face mask amid fears of the spread of the COVID-19 novel coronavirus walk at the Pyramide du louvre area on February 28, 2020 in Paris. Photo by Stephane De Sakutin/AFP

France vows 45 billion euros for economic 'war' on coronavirus

Mar 18, 2020 - 7:30 AM

'This war will require us to mobilize all our forces,' says French Finance Minister Bruno Le Maire

(FILES) People coming from China leave the Terminal after landing in Charles De Gaulle Airport on January 26, 2020. Photo by Alain Jocard/AFP

Hundreds of thousands protest over French jobs reform

Mar 10, 2016 - 5:00 PM

The youth call the measures absurd but France claims it is trying to help young people the most

epa05202902 Thousands of people demonstrate with a poster reading youth lacking job security - youth mobilization - retreat of the labour law, next to the Place de la Republique to protest against the labor law controversial project of the government in Paris, France, 09 March 2016. Public services, traffic and transport was heavily disturbed on 09 March 2016 as a general strike was called countrywide against a draft of the French government on new labor laws. EPA/ETIENNE LAURENT

France's fragile economy under siege after Paris attacks

Nov 16, 2015 - 12:55 AM

Just hours before the attacks the French government was celebrating the best economic news in months: that France had finally returned to growth in the third quarter

SERIES OF ATTACKS. A victim lies on the ground covered by a white sheet outside of the Cafe Bonne Biere in Paris, on November 13, 2015 following an attack. Photo by Kenzo Tribouillard/AFP

France unveils controversial plan to unblock economy

Dec 10, 2014 - 1:03 PM

UPDATED The measures include opening up traditionally closed professions such as notaries and bailiffs and selling state assets – but it is the proposal to extend Sunday shopping that touches off a firestorm of criticism

A file photo taken on May 6, 2013 shows a man riding a bicycle near the river Seine in front of the Eiffel tower in Paris. Kenzo Tribouillard/AFP

Unpopular Hollande seeks TV redemption

Nov 05, 2014 - 9:56 AM

Hollande will give a rare prime time television interview in a desperate bid to claw back some ground

In this file photo, French President Francois Hollande talks to the media after his meeting with Haitian President Michel Jospeh Martelly, at the Elysee Palace in Paris, France, 31 October 2014. Yoan Valat/EPA

Moody's cuts top French rating, terms outlook negative

Nov 20, 2012 - 7:48 AM

UPDATED The international ratings agency Moody s cut France s top bond credit rating by one notch to Aa1 Monday November 19 and maintained a negative outlook