Moody’s spot high tax, regulatory burden, public debt as challenges to France
|Global rating agency Moody’s recently came out with their analysis of the French economy.
The report mentioned high tax, regulatory burden and inability to reverse rising public debt as the key challenges to the European member while praising the high level of economic and institutional strength.
It was also said that given it will take time for structural reforms to show results in France, a positive outlook will likely only be resolved in early 2020.
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