Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 25/09/2018 09:20 
16.04.2018 14:28 News >> France: Strikes Affect Economic Growth

France: Strikes Affect Economic Growth

French Finance Minister Le Maire, however, says it is far too early to quantify their overall impact on GDP.

The rail workers' rolling strikes, other social movements and industrial actions in France are beginning to have a negative toll on the economic growth, French Finance Minister Bruno Le Maire said on Monday.

"This is an impact that is limited, that we cannot measure today, but we already feel that it's starting to have an impact in certain sectors... in hotel reservations, in transport, in tourism," Le Maire told French radio Europe 1.

"And that's why the sooner we can get out, the better," he added.

Le Maire recalled the major strikes of late 1995 that had shaved 0.2 percentage points off the GDP back then, adding, however, that the economy overall was picking up at the moment.

"Today, it is much too early to assess what the consequences of these social movements could be," he said.

France's budget deficit has met the EU's rule of keeping the deficits below the three percent of the GDP for the first time since the financial crisis of 2008, the country's national statistics agency revealed last month.

The country's public deficit dropped to a better-than-expected 2.6 percent of the GDP in 2017, better than the government's target of 2.9 percent, and down from 3.4 percent in 2016.

A deficit under three percent of the GDP for another year would allow the eurozone's second-biggest economy to exit the EU's "excessive deficit procedure".

France is facing a wave of strikes in several sectors, with state railway operator SNCF planning a total of 36 days of rolling strikes -- which started on April 3 -- over the next three months, to protest government reform plans.

Students, trash collectors, electricity and energy sector staff, and employees of Air France are among those taking part in what has been called the biggest wave of industrial unrest since President Emmanuel Macron's election last May.

Seven main public sector trade unions called for a one-day strike on May 22 to protest Macron's plans to reform the eurozone's second-largest economy. -



        Latest News
Turkey's President Meets Japanese, Iranian Leaders -20 minutes ago...
Closed door meetings come a day before Erdogan's address to General Assembly.
Koreans Will Never Forget Turkey: Envoy 10 minutes ago...
South Korea’s ambassador to Turkey visits northeastern Artvin province.
Aid Should Focus On Development: Turkey's First Lady -5 minutes ago...
Turkey’s vision of humanitarian aid is not about aid packages or vulnerable people waiting in line, says Emine Erdogan.
Update 2 - Turkish President Meets Un Chief İn New York -35 minutes ago...
Closed door meeting comes day before Erdogan's address to General Assembly.
Us, South Korea Sign Updated Free Trade Pact -35 minutes ago...
'It's a very big deal. This is a great day for the United States and a great day for South Korea,' says Donald Trump.

 
      Top News
US To Give $185M İn Aid For Rohingya Muslims US To Give $185M İn Aid For Rohingya Muslims
Turkish Fm Discusses Rohingya With Counterparts Turkish Fm Discusses Rohingya With Counterparts
Bahrain To Hold Parliamentary, Municipal Polls Nov. 24 Bahrain To Hold Parliamentary, Municipal Polls Nov. 24
Turkish Aid Body Restores Ottoman Legacy İn Niger Turkish Aid Body Restores Ottoman Legacy İn Niger
Update - Philippines: Post-Typhoon Landslides Toll Reaches 124 Update - Philippines: Post-Typhoon Landslides Toll Reaches 124
Russia To Give S-300 Air-Defense System To Syria Russia To Give S-300 Air-Defense System To Syria
Update - 5 PKK Terrorists 'Neutralized' İn Southeast Turkey Update - 5 PKK Terrorists 'Neutralized' İn Southeast Turkey
Kenya: Army Kills 10 Al-Shabaab Militants Kenya: Army Kills 10 Al-Shabaab Militants
3 PKK Terrorists Neutralized İn Southeast Turkey 3 PKK Terrorists Neutralized İn Southeast Turkey
Turkey: Over 20 Feto Suspects Arrested İn Istanbul Turkey: Over 20 Feto Suspects Arrested İn Istanbul