Re: per capita GDP numbers : bogus?

France's economy is very sluggish to say the least. In 1991 it was
actually larger than the UK's. That is no longer the case.
Unemployment in France is also much worse, running currently at 10.2%,
USA 5.1%, and the UK is 4.7%. 3% is what is known as frictional
unemployment, people changing job, taking time off, or unaccountable
retirees. Worse for France, it suffers from over employment, its very
difficult for companies to fire workers, so most larch companies remain
bloated. PPP is useful in comparing economies at the extreme, but in
comparing those countries in the OECD its better to use GDP per capita,
since the value of their currencies is probably an accurate view of the
markets. Despite Chirac's boast that France would become the engine of
the worlds economy, it is a poor performer. They are protecting a way
of life that is long gone.

.

Relevant Pages

  • Re: per capita GDP numbers : bogus?
    ... > France's economy is very sluggish to say the least. ... > Unemployment in France is also much worse, running currently at 10.2%, ... their unemployment numbers ...
    (sci.econ)
  • Re: Frances chief saleswoman takes on the skeptics
    ... "France raised concern about the strength of a long-awaited recovery ... French unemployment is double the US. ... "When she trumpeted France as an investment paradise during a dinner ... It is the sign of an economy that is open and that attracts foreign companies - quite different from the description I too often read from people like you, attempting to describe France as a socialist economy going right to bankruptcy and hindered by 35-hour week. ...
    (soc.retirement)
  • Re: Frances chief saleswoman takes on the skeptics
    ... "France raised concern about the strength of a long-awaited recovery ... French unemployment is double the US. ... EU's statistics office. ... problem in the economy. ...
    (soc.retirement)
  • Re: Frances chief saleswoman takes on the skeptics
    ... which France doesn't - in large part due to its welfare policy. ... Now, creating thousands of jobs of waiters in restaurants or pizza delivery boys may help reduce unemployment and have an effect on economic growth, but it doesn't make a society more productive or attractive. ... "When she trumpeted France as an investment paradise during a dinner debate on the future of Europe, a number of executives could be seen grumbling and shaking their heads. ... Since then has unemployment proved anything in terms of the health of an economy? ...
    (soc.retirement)
  • Some pockets of recovery nation wide..fitful but evident _"no longer falling off a cliff"
    ... The average county stress score fell slightly, ... unemployment, foreclosure and bankruptcy rates. ... state's labor force, not to the creation of new jobs, said Tucker Hart ... Overall, Colorado's economy is still struggling, Adams said. ...
    (soc.retirement)
Quantcast