GLOOM AMONG FRENCH CONSUMERS.

Position:Brief Article
 
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At the end of 2004, French consumers were not feeling good enough about the economy to spend in any significant way. This was the conclusion of a Bloomberg News survey of economists reported by the news agency toward the end of December.

One of the main reasons for consumer reluctance at the store was unemployment, which the Bloomberg survey estimated would end the year near 10 percent. And forecasts of overall economic growth for France, Europe's third largest economy, were not good. Unemployment may continue to remain high because the euro's strength against the dollar will limit profit margins among French companies leading them to curtail hiring. For the first half of 2005, the...

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