Off the wire
U.S. stocks trade mixed amid upbeat earnings, downbeat data  • Roundup: Rouhani's visit to Europe brings about deals worth billions of USD  • Turkey's population grows to 79 million, concerns over aging society renewed  • Swine flu death toll rises to 57 in Turkey  • Interview: China's "Belt and Road Initiative" driving force for Middle East growth: Palestinian minister  • Slovenian PM to meet new Croatian counterpart  • Several false alarms registered in Amsterdam  • Ukraine's central bank downgrades economic growth forecast for 2016  • Boko Haram suspected behind killing of 5 traders in NE Nigeria  • Obama creates "cancer moonshot" task force  
You are here:   Home

France to expand growth in 2016 but joblessness still challenges: PM

Xinhua, January 29, 2016 Adjust font size:

Growth of gross domestic product (GDP) in France, the eurozone's second largest economy, would accelerate this year, but it is still "insufficient" to digest the growing slice of unemployed people, French Prime Minister Manuel Valls said on Thursday.

"(Growth) recovery will accelerate in 2016 despite a global context tainted by a number of concerns," Valls was quoted as saying by local media.

France eyes achieving a GDP growth of 1.5 percent this year, up from an expected 1.1 percent in 2015, according to the French premier.

On Thursday, fresh unemployment data showed a 0.4 percent rise in monthly unemployment in December 2015. On yearly basis, the figure grew by 2.6 percent. Enditem