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Financial Services Report France 3rd Quarter Product Image

Financial Services Report France 3rd Quarter

  • Published: July 2014
  • Region: France
  • 22 Pages
  • The Economist Intelligence Unit

The financial services sector accounts for 4.9% of France's GDP, according to Eurostat-a fairly typical share by EU standards, but significantly smaller than in countries with large, global financial centres like the UK (where the figure is about 8%). About 800,000 people (3% of total employment) work in financial services; another 570,000 are employed in related professional services.

France is home to global companies like BNP Paribas (banking) and AXA (insurance). However, such well-known firms are not dominant in all of the country's domestic financial markets, with strong competition from private, mutual and state-owned companies.

Operating conditions will be challenging in the near term, given the continuing weakness of the economy and the strengthening of regional and global regulatory requirements. Real GDP was stagnant in the first quarter of 2014 and subsequent indicators have not suggested that recovery is imminent. Accordingly, The Economist Intelligence Unit has cut its forecast for real GDP growth in 2014 to 0.5% (previously 0.9%), following growth of 0.4% in 2013.

Industry List: Asset management, Financial Services, Banking, Financial Services, READ MORE >

Financial Services Report France 3rd Quarter

Financial services report
Overview

Banks

Insurers

Asset managers

Financial markets and instruments

Financial regulation
Overview
Regulatory watchlist

Monetary and currency policy: Monetary policy

Monetary and currency policy: Exchange rates

France at a glance

Fundamental indicators

Key contacts

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