Three economic institutions have made encouraging reports in recent weeks, as well as the rating agencies keeping France's AA rating. The EU has agreed to accept the budget, saying it does not infringe European fiscal rules, The OECD has said that France's plans offer the prospect of good growth in the next few years and now the World Bank has said France has made considerable progress in the last two years in making the country easier to do business.
In a study of 189 countries France has moved up from 38th to 31st. It seems that it generally takes 4.5 days to register a business (down 2 days in 12 months) but more than 5 forms to fill in. 31st may not seem too good, but Japan is only 29th and Germany 14th, so size of economy is not a great indicator.
France is now back to its pre-crisis level of 2007.
Singapore tops the league, followed by New Zealand and Hong Kong. USA no 7 and UK no 8 are also very business friendly.
Of course some will argue that easy for business is not necessarily good for workers.
comments to taglines82@gmail.com
