France Credit Rating Downgrade
May 2023Fitch credit rating agency downgraded on April 29, 2023 France 's credit rating from previous AA to AA- with a stable forecast.
The downgrade follows worries about a possible budget deficit and the planned pension reform.
France GDP Up 0.3%
November 2014The French national statistics office announced on November 14, 2014 that the GDP in the third quarter of 2014 rose by 0.3% compared to the second quarter which rose by 0.1%.
The data for the third quarter is better than the forecast of a 0.1% rise.
France Unemployment Rise
January 2014The French unemployment rate rose 0.5% in November 2013 compared to October 2013 reaching 3,293,000 unemployed people.
The recent data released in December is a blow to president Francois Hollande who pledged to stop the unemployment rise by the end of 2013.
France Credit Rating Downgrade
November 2013The credit rating agency Standard & Poor's downgraded on November 8, 2013 France credit rating from the previous AA+ to AA with a stable outlook.
The downgrade follows worry about France's high unemployment rate and the weak economic growth.
The previous downgrade by S&P in the last two years was in January 2012 when France lost its previous top grade AAA rating.
France Credit Rating Downgrade
July 2013Fitch credit rating agency downgraded on Friday July 12, 2013 France credit rating by one step from the previous perfect AAA rating down to AA+ while France's outlook remains stable.
The downgrade of France, the second biggest economy in the euro zone, reflects concern about France's weak economic output, a rise in the unemployment rate and budget deficit.
According to a poll by Reuters the French GDP remains unchanged in 2012 with expected 0.3% decline in 2013 and 0.6% rise only in 2014.
Fitch's downgrade follows similar downgrades by Standard & Poor's to AA+ and by Moody's to Aa1 with a negative outlook for the French economy by both.
France GDP Decline
February 2013According to an early estimate by the national statistics office the French GDP declined in the 4th quarter of 2012 by 0.3% compare to a rise of 0.1% in the 3rd quarter. The analysts' forecast for the 4th quarter was a decline of 0.2%.
In the year 2012 the French GDP rise was zero.
France 1.1% Industry Growth
April 2012The French national institute of statistics, Insee, announced that in January 2012 the turnover of the manufacturing industry increased by 1.1%.
The turnover in December 2011 declined by 2.2%.
Exports increased by 3.2% in January 2012 and decreased by 0.2% in December 2011.
France banned Stocks Short-Selling
August 2011The French market regulator, AMF, banned on August 12 short-selling of certain shares from the banking and insurance sectors, including shares of BNP and Societe Generale.
The banning is for a period of 15 days.
In short-selling the seller borrows shares, sells them and buys back when their market price is lower.
Italy Spain and Belgium joined France in banning short-selling.
France 2011 Budget Unveiled
September 2010The French government unveiled on September 29, 2010 the 2011 budget.
According to the proposed budget the public deficit will be reduced from the 2010 record 7.7% of the GDP to 6% of the GDP in 2011 down to 3% in 2013.
The budget includes resducing of tax breaks and allowances worth EUR 10 billions.
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