The decadence of France!
Mano, France, famous for its first class culture, fine food and luxury brands, is the seventh largest economy in the world. It has a GDP of 2.9 trillion dollars. But economic and social problems are circling the country and threatening to ruin everything.
For those who accompany me, you know, I have coverage in France and because I was there for a long time and having the knowledge of economics that I have, I was able to understand this…
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Spending Every Last Penny on Social Welfare
France is the country that most supports social well-being on the planet. It puts about 31% of its GDP in that parade. These expenses may even show the generosity of the French state, but they also weigh heavily on the country's economy. Everyone pays that bill with taxes!
Political and Social Mess
France is in a political and social mess. Protests against the government have become routine. The yellow vest protests since 2018 and the crowd taking to the streets against the pension reform are examples of this.
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Account in the Red
France's public debt to GDP ratio is 109%, one of the three highest in the world.
Jobless Young People
The unemployment rate among French kids (18 to 24 years old) has been above 17% for over 30 years. This is one of the highest in all of Europe. It shows that the French job market is having problems and is not able to integrate young people.
Energy and Cars on Canvas
In 2022, France became an energy importer for the first time in 3 decades. This is bad for the country! In addition, the French car sector took a beating in sales, falling 7.8% last year. It was the worst result since 1975.
problem with immigrants
France has a heavy toll with immigrants, who come from former colonies in North and West Africa. This has fueled social and political bullshit, contributing to the country's mess.
