French consumer confidence falls sharply
This article comes from BBC News and the author is unknown. Last updated 28 May 2013.
Summary
:According to the French Statistics agency, French consumers' economic confidence has recorded the lowest level since July 2008. French monthly consumer moral index dropped by four points from 83. Also the survey shows a fact that French households assume that the unemployment rate will rise up gradually. Unemployment includes measurement for workers to change jobs and for companies to fire employees. France's economic has suffered from recession like other EU members do.
My opinion
:I think that most of nations that are in Eurozone are struggling with economic crisis. That is why French consumer confidence has dropped continually. If one nation has suffered from recession, the government need to try to increase economic situations by increasing demand quantity and encouraging citizens to spend more money. It means that the government provides many economic chances to consumers to revive their fallen economic.
How does it relate to economics?
-The government need to practice expansionary monetary to stimulate economy by decreasing unemployment and increasing investment. As France has suffered from recession and unemployment, the government should help its citizens to get away from economic crisis.
-The government need to practice expansionary monetary to stimulate economy by decreasing unemployment and increasing investment. As France has suffered from recession and unemployment, the government should help its citizens to get away from economic crisis.
The world is struggling because of economic issues and I hope it gets well soon.
ReplyDeleteFrance is one of the biggest economic power in Europe. I think economics recession in France may bring about negative result to EU economy
ReplyDeleteDecrease of consumer confidence might greatly affect the aggregate demand. That is to say, the economy could experience recession in the future. Therefore, it is better for government to use the expansionary fiscal policy.
ReplyDeleteIt is so sad to see many european countries going through recession. I believe it will have a large impact on the Euro, as so much of the people in Europe is using Euros.
ReplyDeletei think every articles about any country's economics says bad news. we recently learned how government and fed should behave when there are problems. but i think it is very hard to do that in reality, because if it works well, there will be no, or little inflation, unemployment, or depression period.
ReplyDeleteI'm really sorry to hear that. Many countries no, the world is having hard time with it. I hope we can improve ourselves to improve the world!
ReplyDelete