Arab Today, arab today oecd french gdp to 01 in 2013
Last Updated : GMT 14:51:15
Arab Today, arab today
Arab Today, arab today

OECD: French GDP to 0.1% in 2013

Arab Today, arab today

Arab Today, arab today OECD: French GDP to 0.1% in 2013

Paris - XINHUA

France\'s real GDP would grow slowly by 0.1 percent in 2013 against the earlier projection of 0.3 percent, the Organization for Economic Co-operation and Development (OECD) said Tuesday in its latest Economic Survey of France.After the assessment, the economic think-tank said growth in France \"is set to remain weak and unemployment to rise further,\" projecting the unemployment rate \"would eventually stabilising at 11 percent at the end of 2013.\"French jobless rate had reached 10.6 percent in the fourth quarter of 2012, a record-high since the second quarter of 1999 and become the headache and major challenge faced by French President Francois Hollande, who had vowed to tackle the issue as one of the highest priorities in his campaign promises.\"France faces serious longterm challenges,\" the OECD warned in its country survey which was published in Paris by OECD Secretary-General Angel Gurria and French Minister of Economy and Finance Pierre Moscovici.\"The French economy has tremendous assets and considerable potential, but excessive regulation and high levels of taxation are gradually eroding its competitiveness,\" Gurria said.The study showed that France\'s growth of per capita GDP has been among the lowest in the 34-member OECD area in the last 20 years, and firms\' poor competitiveness has risen to the top of the policy agenda.The OECD urged France to do more to boost competitiveness and create jobs.Reductions in public spending are required to rein in the budget deficit and allow for lower taxes on labour and business income, a key element in future competitiveness plans, the OECD proposed.Labor market reforms, including a new definition of economic dismissal, simplified layoff procedures, and more effective occupational training and job search assistance, are needed to boost job creation, it added.Greater competition in services and rationalisation of housing policies will be crucial to raise purchasing power, create jobs and enhance competitiveness, the OECD suggested.Fiscal consolidation remains a priority, according to the OECD, efforts to reduce the structural deficit must continue as planned. Public spending is very high as a percentage of GDP and needs to be reduced.The survey showed that tax and transfer system reforms are essential and reforms to unemployment benefits would save costs and promote employment.The OECD also called for wide-ranging actions taken to help French young people out with difficulties. To reform education system and redistribute resources in education are all help measures to benefit young generation.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oecd french gdp to 01 in 2013 Arab Today, arab today oecd french gdp to 01 in 2013

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday