What was the main problem in the French economy?

Why was France’s economy bad?

The high level of corporate taxation in France is logically another of the principal causes of the falling competitiveness of French industry on the global market, and its growing trade deficit. These in turn contribute to France’s systemic problem of high unemployment.

What was the main economy of France?

France’s diversified economy is led by tourism, manufacturing, and pharmaceuticals. The government has partially or fully privatized many large companies but maintains a strong presence in such sectors as power, public transport, and defense.

What is happening to the French economy?

France jolted analysts this morning announcing its economy contracted in Q4 – real GDP fell 0.1% when it was expected to grow +0.2%. Numbers from Italy proved the most dour from Europe so far where the economy shrunk by 0.3% for the three months ending in 2019.

What does France export the most?

List of exports of France

# Product Value
1 Aircraft, helicopters, and spacecraft 43,972
2 Pharmaceuticals 26,164
3 Cars 23,598
4 Gas turbines 18,875

What are the major problems in France?

France’s main economic challenges in 2019 were to tackle its high rate of unemployment, increase competitiveness, and combat sluggish growth.

  • High Unemployment. The unemployment rate in France, though improving in recent quarters, remains stubbornly high. …
  • Lagging Competitiveness. …
  • Sluggish Growth.
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What is the poverty line in France?

The definition of poverty in France follows that of the European Union. The poverty line in Europe is “60 percent of the populations median income” and is based on living conditions and employment levels. This means that more than 8 million people in France live on less than 954 euros a month.