PARIS: 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 here the other day.
“(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.
