French union workers in anti-austerity protests about work conditions in France in April 2015 (photo: dpa)

Good news about growth could be bad for French economy’s prospects

News that the French economy recorded positive growth in the first quarter of 2015 fails to reveal the full picture and could actually damage the longer-term perspective. The government, thanks to its partner Germany, has continued to delay imposing the full suite of necessary reforms. One quarter’s figures could actually delay further reforms.

A BREAKTHROUGH may have been achieved in the dark cloudy skies of the French economy - growth was up 0.6 per cent of GDP in the first quarter of 2015.

The government boasted about the news, announcing that growth could reach 1.5 per cent in 2015. And, it has implemented a new set of reforms, such as the Macron...

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Dr. Emmanuel Martin
The International Monetary Fund issued a warning on May 18 saying that France must get a grip of its record levels of government spending, reduce its debt levels, and tackle chronic unemployment
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