Declining investment and shorter working hours weigh on the French economy

The French economy has been unable to escape long-term slower growth, with weak corporate investment and a rigid labor market cited as contributing factors. Annual working hours of 1,498 and the closure of 160 factories have been highlighted.

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The story

Weak corporate investment and a rigid labor market have been cited as factors behind the French economy's long-term slower growth.

Specifically, annual working hours of 1,498 have been cited, along with reports that 160 factories have closed.

At a glance

Corporate investment trendsWeak corporate investment was reported to be one of the factors behind the situation

Annual working hoursAnnual working hours were reported at 1,498, with the figure described as high

Number of factory closures160 factories were reported to have closed

Background to slower growthCited as a factor behind long-term slower growth

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