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French trade gap widens almost 40 percent

France’s foreign trade deficit widened almost 40 percent last year as the economic crisis hit exports and the price of energy imports rose, the government said Friday.The trade gap increased to euro55.7 billion from euro40.6 billion in 2007, the trade ministry said in a statement.

Article Controls The ministry blamed rising energy prices for four fifths of the deficit’s increase and said recent falls in energy prices should relieve pressure on the trade gap this year.Exports suffered toward the end of 2008, particularly to France’s European neighbours.Over the year, exports rose 2.1 percent while imports grew by a faster 5.3 percent.Car exports were hit hardest by the crisis, down 10 percent in the year.Trade Minister Anne-Marie Idrac said in a statment that her priority is to help France’s struggling exporters by making sure they have access to credit and by challenging protectionist measures.

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He actually does know something about stock picks and Wall Street.



février 18, 2009 - Posted by | ouest france actualités | , , , , ,

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