For my tenth post on my blog, I was looking around for something to write about and found a site that pretty much gives an up-to-date status on the economy of France from the past couple years. The article is from www.theodora.com.
In this article, it discusses about how with the new year already here, France is trying to make the economy more reliable on market mechanisms. This article also included a few facts and statistics. It mentions how there are 75 million foreign tourists that come by to visit this country. Because of all its tourism, the income France receives makes it the third highest country in the world. France has also been able to recover from the global economic issues quicker than the other parts of the European Union. They were able to stay strong in their government and consumer spending. But in 2009, France's GDP decreased by 2.1%. In 2008, the unemployment rate was at 7.4% and increased to almost 10%.
In 2009, France wanted to help with the economic issues they were facing and to help, they passed a $35 billion stimulus plan. This money would help with the base foundation of the economy and special tax benefits for smaller businesses. The president of France also offered a $52 billion plan to help with science and technology.
Subscribe to:
Post Comments (Atom)
I found this post to be very interesting. I like the mechanisms France passed to make their market more reliable. Israel did the same thing in the High tech sector of their economy. I really like how France is trying to help the smaller businesses, they could grow into being a contributor inf France's economy. I like that idea so much because it is the opposite of what the U.S did.
ReplyDeleteI would like to hear more about how the economy's of France and the United States differ.
ReplyDeleteFrance's tourism industry has to be among the most robust in the world. While this seems to be a large source of income, I like that they are also focusing on technology.
ReplyDelete