Moody’s spot high tax, regulatory burden, public debt as challenges to France

Anil Panchal FXStreet

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.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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