France will grow at a pace of 1.3 per cent in 2019 and 2020, says Bruno Le Maire



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France will grow at a pace of 1.3 per cent in 2019 and 2020, says Bruno Le Maire

French economy, the second-largest economy in the European Union excluding United Kingdom and the 7th-largest by nominal GDP across the globe, should grow at a stable rate of 1.3 per cent in both 2019 and 2020 fiscal years despite growing geopolitical hobbles and economic headwinds, French Finance Minister, Bruno Le Maire, said in an interview with a French Newspaper Le Journal du Dimanche, published on Sunday, the 5th of January 2020.

Besides, in his Friday’s (January 5th) interview, Le Maire had also added that the world’s 10th largest economy by purchasing power parity, France had been experiencing a “good and solid” economic outlook despite growing scepticism over global trade alongside a possible economic hit caused by a strike over French President Emmanuel Macron’s pension reform policy.

In point of fact, latest protests on pension reform which added a number of critical changes to railway workers including a change that would result in many French nationals working for longer, had spurred up a nationwide protest, while a raft of railway unions had crippled the nation’s national transportation system during the holiday seasons.

Nonetheless, despite two of the largest protests France had ever witnessed in a decade less than a period of 12 months, Le Maire was quoted saying that French economy was well-insulated from geo-political turmoil and had been in a “good and solid” economic condition as beforementioned.