p.p1 that time, although German reunification fears many

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Without a doubt, France’s economy has been proven to be growing, with a strong entrepreneurship facilitated by such institutional strengths. Indeed, France is one of the main economic powers in the world, and as we know that the chemical industry is the key part to France’s economy, contributing to develop other manufacturing activities and contributing to economic growth. Therefore, France’s economy has been growing since 1990 until now.
At that time, although German reunification fears many Frenchmen, this practice was a welcoming news for the Paris Stock Exchange and the entire French economy. At the same time, fearing that the unification process will mean rising inflation in Germany led many investors to flee the Frankfurt stock market and move to the Paris stock exchange that affected the short term economic situation. As a result, the French share price rose steadily in April, setting a new all-time high on April 20 and then declining slightly. According to the New York Times, contrary to what happened three years ago, France was called the “slow man of Europe” because the long-term economic downturn was characterized by low growth rates below 2%, unemployment rates above 10% and a yawning Trade deficit, however, after years of being laughed at as soft currency, the French franc is increasingly being treated at a hard currency. Not only that, but also West Germany’s market has dropped to the lowest level in two years in the French franc, so that the French authorities have reversed their role and are talking about intervening in the currency markets in defense of the once globalized mark. For years, the Bank of France was eager to raise interest rates to prevent the franc from hitting the German mark whenever the Bundesbank raised interest rates to curb inflation. France recently declared its independence.
During 1990s,  France declared its independence, and the central bank was confident about the stability of the franc, cutting its key interest rate to 9.5%. After the announcement, the franc barely retreated and affected the long term economic growth in France.
According to the Riches Flores Research, From 1992 to 1997, the French experienced an average annual GDP growth rate about 1.5%. From 1998 to 2004, France had a 10-percent growth deficit, or an average of 1.4 percent a year. From 2005 to the present, the French economy fell increasingly with GDP rose by 6 percent and the poor performance is a fairly recent change that did not eliminate the cumulative gains made until 2008. However, as the country’s population structure became more active, the real GDP per capita gap between France and other European countries reached 4.3% by the end of 2012.

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