France

Central Bank

News

The economic minister Emmanuel Macron has pushed through some new measures to help the French economy improve. But there is nothing changing in Macron's reforms. They will allow French shops to open up to 12 Sundays a year (instead of 5), and allow shops in key tourist locations, such as parts of Paris, to open every day in every week and up to midnight.

In spite of its limited scope, the Macron Law caused massive controversy on the left side of French politics, and had to be pushed through the French Parliament without a vote, using the article 49-3 of the French Constitution.

In March 2014 The unemployment hits new record with almost 3.35 million unemployed in France.

The main promise of President Hollande was to reduce unemployment and with a lasting way. However, it has increased by 140,000 since he became the president.

The deficit in 2014 was 4.3 % of GDP , which means that the government failed to meet its objective of 4.1% , and this seems unlikely to reach the goal set by the EU of 3% in 2015 .

Public spending in France , between the highest levels in the world , reached 57.1 % in 2013 .

The Macron Law follows other business-friendly measures adopted in 2014, including a cut in employers' social insurance contributions (down to zero for employees paid on minimum wage) and a programmed fall in France's high corporate tax rates (down to 28% by 2020). But while these measures will critically reduce the cost of doing business in France, they are not the "big bang" that many in the business community are calling for.

The French central bank

is called Banque de France,

and it is located in Paris. It is linked to the European Central Bank, and it was founded in 1800; it helped to solve the financial crisis of 1848 and it emerged as a powerful central bank. Its main charge is to implement the interest rate policy of the European System of Central Banks.

The unemployment rate rose to France 10% at the end of 2014, after rising a percentage point in the fourth quarter. ( INSEE ) this is equivalent to 2.877000 persons , which is about the French unemployment rate highest ever , which was 10.4%, registered its coming since 1994 to 1997.

Inflation Rate

Team Members:

Elena Guerrero Castillón

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William David Duarte

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Juan Felipe Martín del Campo Guerrero A01227815

Priscila Rocha Rodríguez

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France

Conclusions:

Unemployment Rate, Protests & Social Stability

Economic system

In conclusion France has an unemployment rate of 10.40 which can be considered a little bit high since 1040 is more than ten percent of the population. It has not reached the level of the demonstrations but may be something that happens .

References:

France has a capitalist system in which its investment and ownership of its means of production, distribution, and exchange of money and resources is made and maintained principally by private individuals or corporations.

Capital

Free enterprise

(2015). France - Science and technology. Web Site: http://www.nationsencyclopedia.com/Europe/France-SCIENCE-AND-TECHNOLOGY.html

BRYANTPARK, NEW YORK (2013). TECHNOLOGY IN FRANCE. Web Site: http://tasteoffrance.com/technology-in-france/

Jo Laredo. (2013). Basic services in France. Web Site: http://www.parisvoice.com/practical-paris/475-basic-services-in-france

Alison Hird. (2014). France's silver economy strikes gold. Web Site: http://www.english.rfi.fr/economy/20140918-france-silver-economy-strikes-gold

Goldcore. (2015). Gold Bars In France Worth $500,000 Robbed From Pensioner By Fake Cops. Web Site: http://www.zerohedge.com/news/2015-02-19/gold-bars-france-worth-500000-robbed-pensioner-fake-cops

The Economist. (2008). French capitalism. Web Site: http://www.economist.com/node/10609298

Banque de France.(n.d.). French national bank. Web Site: http://global.britannica.com/EBchecked/topic/216213/Banque-de-France

French economy remains mired in deflation. (n.d.). Retrieved March 22, 2015, from http://www.thelocal.fr/20150312/french-economy-remains-mired-in-deflation

The world bank. (2015). GDP per capita (current US$). Web Site: http://data.worldbank.org/indicator/NY.GDP.PCAP.CD

Boss

Companies

Gross Domestic Product (GDP)

The GDP value in France represents a 4.41% of the world economy

Gross domestic product in France represents a high percentage in the world economy, As they have the ability to do any kind of product and run well in the market. France thanks to this can be considered a very important country in what is Europe.

Production Factors

In technology:

In agriculture its principal products are:

High-speed transportation systems

The supersonic Concord

wheat

The TGV high-speed train.

Per Capita Income or Average Salary

meat

wine

The average Monthly Salary in France is 4,563 EUR

Leaders in aviation technology

corn

Dassault Falcon

"Silver economy"

Services and products

One of the few sectors that's growing in France

Gross Domestic Product per capita

Is growing about 4% per year

That's good because it's creating more jobs, and according to the Finance Ministry France will have 300,000 more jobs by 2020.

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