The new data published and linked to the performance of the economy in France is not at all encouraging. The growth in the second quarter was zero, and the issues that have to do with the deficit the country is not so positive.
Yes, the difference is extremely important, compared with growth of 0.7% achieved in the first quarter.
The three main reasons why things aren’t going so well in the country are the following:
Euro 2016
Not only lost the trophy in the final with Portugal at the end of July, but at the same time the football tournament has cost the country very dearly. Even if it looks weird, according to the French statistical office, the consumption in the country in the second quarter fell, after the great upsurge in the sale of tickets of the event in the previous interval. This included the costs for renting houses, food and transport.
Terrorism
Nice, Paris, Charly Εμπντό. Can France welcomed in 2015, a total of 85 million. tourists – more than any other country in the world – but the arrivals have collapsed this year because of the crazy terrorist attacks from January onwards. In the first quarter the fall was of the order of 8% compared with the same period last year, and this trend threatens an economy that contributes around 40 billion. of euros every year to the national economy. In addition, the first six months of 2016 the bookings at the hotels decreased by 7.5%, while visitors to the Arch de Triomphe was 35% less.
Strikes
Earlier this year, was a great political crisis following the strikes of the workers in the fields of energy and the Ï€ÏατηÏιοÏχων, who threatened to “dry” of fuel in the market. This was only one of the many cases of strikes made in a long time in the country because of a controversial bill for the labor, which offers more possibilities for flexible working, generalizes the collective redundancies and reduces, in some cases, earnings.
Source
Three reasons why the French economy is not doing so well
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