New Market Report: Consumer Lending in France
The continued euro zone crisis and poor performance of the French economy have made consumers very pessimist about their future. The banks are limiting credit facilities reducing consumer's ability to borrow money, unemployment rates have reached their highest level since 1998 and growth in GDP passed to negative in 2013. Moreover, consumers prefer to save money, and if they need to make a purchase which exceeds their budget, they use their own savings, avoiding taking on any debt. After a...
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