French growth has been stagnant for nearly two years, and unemployment has been rising for 19 straight months and is now at 10.6 percent â¿¿ a level not seen since 1999. Consumer confidence slipped again in March after briefly starting to rise earlier this year. The national statistics agency, Insee, found this month that the French are more pessimistic about the economy's prospects for the coming year than they have ever been. (The survey was first taken in 1972.)But some may wonder if adding another tax on companies as he is trying to encourage growth is the right message to be sending.
France To Tax Companies 75 Pct On $1.3M Salaries
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