Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 24/04/2018 23:56 
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
Trump Says North Korea's Kim Has Been 'Very Honorable' 16 minutes ago...
Remarks stand in stark contrast to vitriolic, oftentimes violent, rhetoric between the leaders.
Turkey's Erdogan Hosts Dinner For Azeri Counterpart 16 minutes ago...
Turkish President Recep Tayyip Erdogan and Azerbaijan's Ilham Aliyev share dinner at presidential complex in Ankara.
Turkish Fm Slams Differentiation Of Terrorist Groups 31 minutes ago...
‘Is human life more valuable in certain regions?’ asks Turkish Foreign Minister Mevlut Cavusoglu at UN meeting.
We Have Warm Regard, Deep Respect For Turkish People' 31 minutes ago...
Both sides after battle learned a lot about companionship, and that grew into respect, says New Zealand's Patsy Reddy.
Update - 34 Killed İn Nigeria's 'Armed Bandits Attack' 31 minutes ago...
64 women widowed and 113 children orphaned in attack in northwestern village, says senator.

 
      Top News
We Have Warm Regard, Deep Respect For Turkish People' We Have Warm Regard, Deep Respect For Turkish People'
Update - Turkish Pm Tells European Body To 'Mind İts Business' Update - Turkish Pm Tells European Body To 'Mind İts Business'
Balkans Should Beware Feto Terror: Top Turkish Official Balkans Should Beware Feto Terror: Top Turkish Official
Turkish Opposition Head Vows To Win Parliament Majority Turkish Opposition Head Vows To Win Parliament Majority
Erdogan Vows To Continue Turkey's Fight Against Terror Erdogan Vows To Continue Turkey's Fight Against Terror
1 Soldier Martyred İn Eastern Turkey Blast 1 Soldier Martyred İn Eastern Turkey Blast
Turkey's Sectoral Confidence Goes Down İn April Turkey's Sectoral Confidence Goes Down İn April
Trump Top Diplomat Nominee Narrowly Clears Committee Trump Top Diplomat Nominee Narrowly Clears Committee
Update - Speaker: Turkey Will Keep Holding Feto Accountable Update - Speaker: Turkey Will Keep Holding Feto Accountable
Turkey: 42 Terrorists Neutralized Over Last Week Turkey: 42 Terrorists Neutralized Over Last Week