Archive - April 2021

Canada shows a positive trend in job creation in recent times

Upward trend in employment in Canada

March 2021 saw that Canada’s economy grew closer to the levels that existed before the COVID-19 pandemic struck in March 2020.

To explore the economic growth of Canada, Statistics Canada did an examination of the labor market conditions in the week from March 14 to March 20, 2021. This was while the third wave of COVID-19 started in Canada.

At this point in time, several Canadian provinces had reduced the restrictions with public health measures. Orders to stay at home were lifted in all regions of Ontario. Nevertheless, recreation, personal care services, in-person dining, and fitness facilities stayed closed in certain areas like Toronto.

In March 2021, the total number of people taken into jobs was just 1.5% short of the number of employed people in February 2020. However, unemployment was about 32%.

The largest increases in employment gains were found in the Canadian provinces of Quebec, British Columbia, Alberta, and Ontario. There was job recovery in several industries that were hit hard by the pandemic crisis. These included accommodation & food services and retail trade. Also witnessed was an increase in employment in recreation, culture, and information services. This was apparent for the first time since September 2020.

The losses that the retail industry felt in January 2021 were fully recouped in March 2021. Also, there was an increase of 21,000 people working in accommodation & food services. This was an over 2% increase. Currently, this industry has about 346,000 immigrants working in it.

Construction employs over 238,000 immigrants. This sector contributed the maximum to gains in the goods-producing sector.

Growth was also recorded in industries like health care and social assistance. This sector employs about 523,000 immigrants. Educational services employ over 264,000 immigrants.

 All these gains are attributed to the increase in national employment in March 2021.

In 2020, owing to travel restrictions imposed by Canada owing to COVID-19, only 184,000 new immigrants became Canada PR.

The number of new immigrants in Canada in under 5 years has decreased. In fact, the immigrant population has decreased faster in the COVID-19 time. The rate of employment for these immigrants in the first 3 months of 2021 was close to 65%. This was not very different from the numbers in the 3 months ending in February 2020.

As Canada is in the middle of the third wave of COVID-19 in April 2021, employment is getting affected for immigrants willing to work in Canada. This is owing to public health measures imposed to combat the pandemic.

The effects of the closures in Canadian provinces due to COVID-19 will possibly be reflected in the Labor Force Survey of April 2021. This could be published on May 7, 2021.

If you are looking to Study, Work, Visit, Invest or Migrate to Canada, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.

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PR – Permanent Residence/Permanent Resident

France lets work permits for non-EU workers to be applied online

France launches new online platform for work permit

The government of France has announced the launch of an online service for non-EU nationals willing to work overseas in France. This new online service will help them get work permits for which they can apply via this service.

This online service has been commenced on April 6, 2021.

Applying for a work permit has become mandatory for employers in France who want to hire non-EU nationals. This group of people now include UK nationals too. This mandatory work permit is known as “autorisation de travail”. It’s necessary for certain job categories.

EU nationals and those from the countries in the Schengen Zone don’t require a work permit to be employed in France.

A more straightforward process with regards to issuing work permits is the major advantage of this new improvement for the French employers. The new online platform has been launched as part of the modernization of the work application process of foreign nationals.

The Ministry of Interior of France has stated that the work permit applications will be examined by 6 inter-regional platforms. These platforms were created after transferring the task to the Ministry. The transfer was done as part of the reform of the regional organization of the State.

A seventh national platform is now dedicated to application processing for seasonal workers. The issuance of residence permits to concerned foreign employers will be managed by the préfectures.

For all individuals without a passport from an EU or Schengen Zone country, it’s compulsory to have a work permit to participate in temporary and permanent work contracts. Work permits are also required to do seasonal work.

Students who wish to work in France while doing their studies must also have work permits.

Moreover, if a foreign worker has more than one employer, each of them will need to apply for a separate work permit. However, this comes with exceptions, which are for people:

  • Working at a seminar or an exhibition
  • Working at a scientific, cultural, or sport event
  • Creating and broadcasting cinematographic and audio-visual works, such as concerts
  • Providing expertise in IT, finance, architecture, insurance, engineering, management, and following a service agreement
  • Modeling
  • Teaching

As of April 7, even international students studying in France can submit digital copies of their supporting documents required to complete their application online for a visa. Only long-term student visa applicants can access this feature.

If you are looking to Study, Work, Visit, Invest or Migrate to Europe, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.

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Luxembourg: Economy and employment in 2021 and beyond

Best options for skilled foreign workers to migrate to Australia

Best Australia migration options for workers

Australia has an impressive record of offering up to 160,000 Australian PR visas per year. In fact, Australia has one of the biggest migration programs in the world.

But, as the COVID-19 pandemic became a roadblock in the immigration scene of Australia, there has been a decrease in the flow of immigrants under Australia immigration. This has presented an opportunity to those already in Australia on temporary visas to take the opportunity to get permanent residence in the country.

The skilled migration stream has the distinction of allocating the most visas. This stream is divided into categories of:

  • Employer-sponsored
  • Skilled independent
  • State/Territory nominated
  • Regional
  • Global Talent Independent program
  • Business Skills

Subclass 186 – Employer nomination scheme

Under this subclass, Australian businesses get to nominate a skilled foreign worker for a permanent residence visa. The applicants must be under 45 years of age and must have a minimum work experience of 3 years in their nominated job. They also need to have competent English language skills.

A relevant skilled occupations list must have the occupation listed for which the applicant has applied. Priority has been given to certain occupations related to nursing, engineering, and medical fields considering their significance in the COVID situation.

Subclass 189 – Skilled Independent visa

Subclasses 189, 190, and 491 are skilled migration visa subclasses. They are visas that are issued based on points. The minimum number of points required to be eligible for the visa is 65. The factors considered to calculate the points include age, English language proficiency, work experience, and qualification of the partner.

Subclass 189 enables the visa holder to reside and work in Australia at any location subject to no explicit conditions.

Subclass 190 – State & Territory sponsored visa

The governments of Australian territories and states can nominate immigration applicants for Subclass 190 and Subclass 491 visas. Subclass 190 is a permanent visa while Subclass 491 is a provincial visa.

If a state nominates a candidate, he/she gets 5 additional points. These additional points can be used to meet the threshold required to be met to apply for a skilled visa: I.e., 65 points.

For this subclass, the applicant must have a nomination first from an Australian state.

The upper limit for Australia’s migration program for the financial year 2020-21 is 160,000. But, due to the COVID-19 situation, the actual number of permanent visas granted is expected to be a lot lesser.

Close to half of the program is constituted with the Skill stream. Under this stream, there are 79,600 places of which 13,000 have been reserved for the Global Talent category.

The family stream features 77,300 visas and partner visas constitute 72,300 places. Parent visas take up 4,500 visa places.

What remains in the program is special eligibility for which 100 places have been taken and child visas for which 3,000 visas have been taken.

If you are looking to Study, Work, Visit, Invest or Migrate to Australia, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.

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Australia: Economy and employment in 2021 and beyond

Australia: Economy and employment in 2021 and beyond

Jobs outlook in Australia for 2021

Jobs outlook in Australia for 2021

If you are contemplating work in Australia, you must be interested in learning more about the present economic and employment situation in the country. Let’s check out the economic and employment scene in Australia in 2021 and beyond.

Australia is the world’s 13th largest economy in the world. Australia’s GDP growth in 2020 was –4.2%. This was a 6% decrease from 2019.

Australia’s economy is driven by government spending and business. The consumer sector struggles with low-wage growth in Australia. Another area from which the country benefits is the export of agricultural products on a large scale. There’s also a financial sector in the country that exhibits great vigor.

IMF forecasted a 3% growth for the country in 2021. In 2022, Australia is expected to grow by 2.8%. These forecasts are subject to the global economic recovery after the COVID-19 pandemic ends.

Nevertheless, there are challenges to the recovery in business and consumer sentiment. This presents in the form of business insolvencies and weakness in the labor market due to scaling back of policy support in 2021.

The economic recovery in Australia has been uneven. This was mainly due to the differences in the impact of restrictions across regions. These restrictions were applied to firms and industries. Prolonged international border restrictions also affected the recovery in the sectors of education and tourism.

In January 2021, IMF revised Australia’s GDP growth projections for 2021 to 3.5% and 2.9% in 2022.

Australia’s inflation rate was around 0.7% in 2020. This is expected to lower to 1.3% in 2021 and rise again to 1.5% in 2022.

In 2020, Australia’s government budget balance had a large deficit of –9.2% of GDP. It’s expected that this will fall to –9.8% in 2021. A process of recovery is expected in 2022 with the deficit touching –5.9% in 2022. In 2020, IMF evaluated the government debt at 60.4% of GDP. This is expected to become 70.2% in 2021 and 74.4% in 2022.

The government is attempting to better the situation by offering tax breaks, infrastructure spending, and social transfers. The monetary policy is also accommodating as yet.

Investment is also expected to get some traction. This will be after benefitting from favorable taxation, ample corporate profits, and higher demand for infrastructure and services.

Australia is upping its economic integration with Europe and the Asia-Pacific region to boost the economy. The country has signed trade agreements in these regions while maintaining preferential relations with the US.

The unemployment rate of Australia was very low until the COVID-19 pandemic. It was 5.2%. In 2020, it reached 6.9%. As per the Australian Bureau of Statistics about 960,000 Australians are currently not employed. Unemployment is rising.

The number of people who want to work more also rose to 10.4%. IMF expects that the unemployment rate of Australia to increase to 7.7% in 2021. Then it could lower to 6.7% in 2022.

The agriculture sector employed 2.5% of the workforce in 2020. It contributed 2.1% to the country’s GDP. The services sector employs 77.7% of the workforce and contributes 66.1% to Australia’s GDP.

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Luxembourg: Economy and employment in 2021 and beyond


Jobs outlook in Luxembourg for 2021

Let’s check out how Luxembourg and how its economy and its jobs scene fared from 2020 and how it’s going in 2021. We will also look at the forecasts for 2022. This will help you make a decision regarding your decision to work overseas in Luxembourg.

Luxembourg’s economy has a fiscal system and has international openness of a high degree. The country is very vulnerable to global financial events. This was evident when the country’s GDP dipped largely in 2020 owing to the COVID-19. However, in the same period, the external sector of the country has performed well enough in comparison. This was due to the trade in financial services.

In 2020, the country’s GDP growth was -5.8%. In 2021, the GDP is expected to rebound to touch a level of 5.9%. In 2022, the country’s GDP is expected to reach 3.8%.

In GDP per capita terms, Luxembourg is the third wealthiest country in the world. In the Eurozone, it has among the highest surpluses in current accounts as a share of GDP. The country generally maintains a robust budgetary position. But in 2020, the steps taken to tackle the COVID-19 pandemic along with a decrease in revenues led the governmental balance to fall into a state of deficit of 5.3% of GDP. In 2021, it’s expected to slow down to –1.1%.

Luxembourg has one of the lowest levels of public debt in the region. In 2020, public debt increased to 26.9% as per IMF. It’s expected to touch 27.5% in 2021 and 28.3% in 2022.

In 2020, there was a slow-down in the inflation rate of 0.4%. The reasons behind this were the dip in the prices of oil and the introduction of free public transport. The situation is expected to rebound in 2021 to 1.4%.

The COVID-19 led to the rise in unemployment that reached 6.5% in 2020. The problems of an aging population. In 2021, it’s expected that there will be an increase in unemployment leading to 7%.

The agricultural sector is next to non-existent in the country. It employs only around 1% of the country’s working population. It contributes just 0.2% to GDP. The government issued a stimulus package of €5 million to revive the sector from the crisis of COVID-19. However, the overall output in agriculture in the country decreased by 1.6% in 2020.

The industrial sector employs 12% of the country’s active population. The sector represents 11.3% of the country’s GDP. The most important industries are the manufacture of iron and steel. But in 2021, the sector has spread out into other areas like chemicals, light engineering, and plastic products.

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Italy: Economy and employment in 2021 and beyond

Jobs outlook in Italy for 2021

It’s time to check on the current economic situation and the job scene in Italy and the forecasts experts have for the rest of 2021 and beyond. Get the info right to decide whether to work overseas in Italy.

Italy was the first country in Europe to have been hit by the COVID-19. IMF’s estimate says that in 2020 Italy suffered a loss in GDP of 10.5%. The real output reduced by 18% in the first half of 2020. Even the resurgence of construction and industrial production in Italy wasn’t able to cover the losses other sectors suffered.

A rebound in GDP of 5.2% is expected in 2021. It’s expected that the country is expected to have further growth in GDP of 2.6% in 2022. In January 2021, IMF revised Italy’s GDP growth expectations to 3%. In 2021 and 3.6% the following year.

Even though Italy’s primary budget is positive in structure, the cost of interest on the government’s debt has put the economy under pressure. This is particularly true as the government budget is structurally in deficit. This situation has been worsened by the COVID-19 crisis which reduced income from direct and indirect taxes.

The budget deficit in 2020 was 3.8% of GDP. In 2021, the deficit could come down to 3.4% with a rebound in economic activity. In 2020, the debt-to-GDP touched 161.8%. Come 2022, this level is expected to gradually decrease to 156.6%.

The unemployment rate rose to 11% in 2020 from 9.9% in 2019. This is despite the extended coverage for wage supplementation schemes. In 2021 the unemployment rate is expected to increase to 11.8%. The job losses will then be concentrated among workers in the service sector.

The agricultural sector in Italy employs 4% of the country’s workforce. The sector represents 1.9% of the country’s GDP.

Italy’s industrial sector employs 26% of the active population and accounts for 21.4% of GDP.

Italy’s service sector employs 71% of the country’s workforce. It constitutes 66.3% of the country’s GDP.

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Estonia: Economy and employment in 2021 and beyond

Jobs outlook in Estonia for 2021

Let’s look at the economic and employment updates from Estonia. An exploration of the current state of affairs in Estonia will help you make plans to work overseas in Estonia and settle there.

Due to the COVID-19 crisis, Estonia’s GDP dropped by 5.2% in 2020. This was a result of the decrease in investment and private consumption. Foreseeing the normalization of the global situation, the IMF expects a growth of 4.5% in 2021 for Estonia. In 2022 the forecast is set at 3.7%.

Estonia’s IT sector has performed exceptionally in its IT industry. The cou8ntry also has delivered a distinguished performance in the green energy sector. The country is one of the largest producers of shale oil in the world.

The general government deficit of the country in 2020 was estimated at 5.5%. A fiscal stimulus of 3% of GDP was given by the government to mitigate the COVID-19 pandemic’s impact. The fiscal deficit for 2021 is expected to be –4.5% and –3.7% for 2022.

Estonian budget foresees more expenses in pensions, defense, healthcare, and an extension of healthcare costs related to COVID-19.

In 2020, the unemployment rate was 7.8%. This is expected to ease gradually to reach 6.1% in 2021. The forecast for 2022 for the same is 5%.

The agricultural sector of Estonia employs around 3% of the country’s workforce. This sector contributes 2.5% of the country’s GDP.

The industrial sector employs 29% of the country’s workforce. This sector represents around 22% of the country’s GDP. The main industries are food, IT & electronics, wood processing, and chemicals. Due to the COVID-19, the industrial output dipped by 5% in 2020 in comparison with 2019.

The services sector, the most developed sector, employs around 68% of Estonia’s active people. This sector accounts for about 62.5% of the country’s GDP. The turnover of enterprises in the retail trade increased by 4% in 2020. In the same year, the tourism sector suffered a 47% decrease in tourist arrivals. This was in the period from January 2020 to November 2020.

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The latest on the economy and jobs of Denmark in 2021

Jobs outlook in Denmark for 2021

Interested to work overseas? How about landing a job in Denmark? We know you would want to know why Denmark is a great place to work.

Some of the reasons we recommend Denmark to be your employment destination are the following:

  • Denmark is among the top countries that offer a superior work-life balance.
  • Denmark scores the highest in the following areas:
    • Overall life satisfaction.
    • Community
    • Civic engagement and governance
    • Education
    • Environment
    • Access to services such as healthcare and quality of services
    • Health, wellbeing, and safety
    • Housing
    • Average income
    • Job vacancies and job prospects
  • Danes are among the happiest people in the world.
  • Danes work for fewer hours than other countries.
  • Other major locations in Europe are near to Denmark and there are various travel options available.
  • The country has been famed for one of the lowest unemployment rates in the world.
  • Denmark has a unique labor market model that balances that strikes a perfect balance between employers’ needs and employee welfare.
  • Danes have a very positive outlook on life. Individuals in the country keep their harmony with their environments.
  • The country has a high ethos, low crime rates, as well as one of the best standards of living.
  • Employers in Denmark grant flexible working hours. Employees work their allotted hours or less and find more time for their families.

Having said this, it’s apt enough to check out the present economic and employment status in the country. Here’s more about that.

Denmark has an open economy. The country’s economy is prosperous but heavily dependent on foreign trade. This caused its worst fall in GDP in the first half of 2020 owing to the COVID-19 crisis. The fall in GDP was recorded as 7.7% in Q2 of 2020.

In the second half of 2020, the country made a partial recovery. Private consumption in the country drove this trend. There was an overall dip of 4.5% as per the IMF estimate. With the normalization of domestic and foreign demand, Denmark’s GDP is expected to expand by 3.5% in 2021. In 2022 it’s expected to touch 2.5%.

The European Commission forecasts that Denmark’s private consumption will get back to 4.7% in 2021. In 2022, this is expected to be 3%.

Denmark has quite healthy public accounts. The country’s debt-to-GDP is one of the lowest in Europe. However, this increased to 34.5% in 2020 due to the measures taken by the Danish government. These measures were meant to address the COVID-19 crisis.

This ratio is expected to increase to 39.3% in 2021 and 42.6% in 2022. This will be owing to:

  • GDP contraction
  • High-scale stock-flow adjustments owing to significant tax deferrals and government deficit

As the budget revenues have fallen in tandem with fall in tax revenues. The Danish government has installed an emergency fiscal package. The package is worth around 4.5% of GDP. This prompted a budget deficit of 0.8% in 2020. As the global economy stabilizes, Denmark’s deficit will also do the same. This is projected at 1% in 2021 and 0.5% in 2022.

Looking at the sectors of industry in Denmark, the agricultural sector employs 2% of the population and accounts for 1.4% of GDP. The industry sector employs 18% of the active Danish population and contributes 20.9% of the GDP. The services sector employs 80% of the population and contributes close to 64.9% of GDP. The banking sector is the strongest in the service sector.

With around 33.3 thousand registrations for unemployment as of November 2020, employees at work in cleaning, travel agencies, and related services contributed the highest number of people who are unemployed. This is followed by workers in the trade sector. This sector recorded close to 30,000 dismissals. In the restaurants & hotel sector, 23,400 dismissals were recorded.

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Situation 2021: Economy, jobs today and the future of Poland

Jobs outlook in Poland for 2021

Before we look at the current status of the economy and employment scenario in Poland, let’s see why working in Poland is a good idea.

If you are thinking of choosing to work overseas, and your choice of destination is Poland, you are not alone. Here are some common reasons people choose Poland for employment.

Poland has employers looking for skilled and specialized workers who can man jobs that need physical workers or product workers. With your age, education, and work experience in a particular profession or trade matching the labor market requirements of Poland, you are sure to get employed for at least double the pay that you are earning now.

For an international worker, the country’s economic stability is an important factor that guarantees that your job and earnings are going to be consistent and will only increase in time. Work well and impress your employer with your work and you won’t have to worry about risking a job in Poland. In fact, you can go on to legalize your stay in Poland. Be officially employed and you will get health insurance.

Besides the advantages on the work front, Poland also presents opportunities for personal development. You can travel around in Poland and even other countries in the EU. Working in Poland helps you learn the Polish language faster. This can enable you to earn more too in comparison with those who don’t know the language.

So, let’s now see how Poland fared so far in 2021 on the economic and employment front. This can help you make a wise decision about migrating to this country.

In the past 25 years, Poland has come up as a dynamic market; the tenth-largest economy in the EU. The country had an impressive run with GDP growth exceeding 3% between 2014 and 2019. This was driven by private consumption in the country.

However, the COVID-19 pandemic led to the GDP contracting to 8.9% in the second quarter of 2020. The tides turned again in Q3 of 2020 due to an increase in exports, industrial production, and household consumption.

The overall GDP loss in 2020 came to 3.6%. With an increase in foreign demand, the Polish economy is expected to grow +4.6% in 2022. Nevertheless, the global recovery from COVID-19 will have a determining effect on the forecasts.

Poland has introduced an expansionary fiscal policy. The policy featured decisions like lowering the age of retirement and increasing transfers to pensioners as well as households with children. In recent years this deepened the public deficit.

Owing to COVID-19, the budget deficit reached 3.7% of the country’s GDP. This estimation was made by the IMF. There was a decrease in tax revenues and a surge in expenses. This was due to the measures adopted to counterbalance the COVID-19 crisis.

In the days to come, the budget deficit is expected to gradually dip to -2.9% and in 2021 and –2.4% in 2022. The debt-to-GDP ratio increased in 2020. It reached 60%. In the best scenario, this level should be maintained in the period of 2021-2022.

Broadly, the Polish economy has numerous advantages.

  • It uses the European structural resources efficiently
  • It has a banking system that’s resilient
  • It a strong domestic demand as well as a strategic position between eastern and western Europe

The systemic challenges Poland is facing include:

  • Deficient road and rail infrastructure
  • A rigid labor code
  • A burdensome tax framework
  • A weak commercial court system

Poland had an unemployment rate of a little over 3%. In Poland, 1 in 4 employees is a contract laborer working on a temporary basis. In 2020, with help from the Polish government’s support measures, the unemployment rate was held at 3.8%. In 2021, the rate is expected to increase to 5.1% as per IMF forecasts. In 2022, the rate is forecasted to be 4.9%.

In Poland, the agricultural sector employs 9% of the active population. This sector contributes 2.3% of GPD.

The industrial sector employs 32% of the country’s active workforce. It contributes 28.6% of the country’s GDP.

The tertiary sector employs 59% of the country’s workforce. It contributes 57.6% of the GDP.

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France for you: Economy and jobs scene in 2021 and beyond

France for you: Economy and jobs scene in 2021 and beyond

France is a major economic and cultural powerhouse of Europe which is a preferred destination by many to have a fulfilling work-life and enjoy a wonderful lifestyle. From being the fashion capital to being famous for French wine and the French language, this country has many great experiences to offer. Historic monuments like the Eiffel tower and the opportunity to do so many outdoor activities after work adds to the appeal of this country.

The performance of the French economy in the past year and this year so far can be assessed to understand where the country stands with regards to offering you a fruitful immigration plan.

France was ranked as the 7th largest economy in the world. It came in the rankings just behind the UK and India. The country’s recovery from the economic crisis in 2008 has been slower than the rest of Europe. The fragility of France’s economy had contributed to one of the sharpest economic contractions among EU member states. The COVID-19 pandemic and the resulting crisis were the reasons for this scenario.

France’s GDP growth reduced by close to -19% in the second quarter of 2020 as per IMF’s estimates. By the closure of the year 2020, the output of the French economy declined by -9.8%. Economic activity had rebounded in the third quarter of 2020.

In IMF’s October 2020 forecast, a 6% growth in GDP was forecasted in 2021. Going ahead, this was estimated to slow down to 2.9% in 2022. This, however, will depend on the recovery of the global economy post-COVID-19.

The fiscal stimulus measures introduced by the French government will benefit private consumption and investment activity. Firming global demand could boost exports too. Nevertheless, the concern of a delay in the recovery of the French economy lingers in case the COVID-19 pandemic crisis prolongs into 2021.

IMF has revised the GDP growth projections of France in January 2021. It has been set at 5.5% in 2021 and 4.1% in 2022.

Undoubtedly, France was one of the worst affected countries in 2020 owing to the COVID-19 pandemic. Stringent lockdown measures were implemented in March and October 2020. The budget was also amended many times to adapt to the crisis. A large emergency support package was adopted. It focused on extending support to firms and households by providing liquidity and preserving jobs.

The result was that the budget deficit rose to –4.5% GDP in 2020 from –2% GDP in 2019. In 2021, the budget deficit is expected to remain at –4% GDP. In 2022, it’s forecasted that the budget deficit will be –3.8% GDP.

France has the deployment of COVID-19 vaccination is among the top priorities of France in 2021. France is also prioritizing

  • The implementation of the recovery plan to support French businesses
  • Facilitating the plans outlined in Plan de Relance to bring about green and digital transitions

France is also facing structural challenges on top of the challenges of a prolonged health crisis in 2021 owing to COVID-19. These include:

  • high structural unemployment
  • weak competitiveness
  • high public and private debt burdens

The policymakers in France are doing a tough job at tackling high unemployment rates. This concerning scenario is especially seen among youngsters in France.

Before the COVID-19 struck, France’s unemployment rate was declining. But in 2020, after the pandemic came, unemployment touched an estimated 8.9%. In 2021, this rate is expected to increase to 10.2%. Only in 2022, this rate will decline to 9.5%.

As of now, social mobility in France continues to be low. Also, the employment rates of many disadvantaged groups are not very impressive. France is using the labor reform passed in 2017 to introduce more flexibility into the labor market.

Talking about employment sectors, it’s notable that the agricultural sector of France is the largest in the entire EU. France accounts for 1/4th of the EU’s total agricultural production. The agricultural sector employs 2% of the population. You may wonder when you know that this sector represents only 1.6% of France’s GDP.

France’s manufacturing industry employs 5% of the country’s population. This sector is highly diversified too. However, for now, France is going through a process of de-industrialization. Hence, many activities related to this sector is been outsourced. The industry represents 17.1% of the country’s GDP. The important industrial sectors in France are automobile, aerospace, electronics, weapons, and telecommunications.

France’s tertiary sector employs 78% of the active workforce of the country. It represents 70.2% of the country’s GDP. France, the leading tourist destination of the world, presents the opportunity to you to explore its rich cultural and gastronomic heritage. Every tourist who arrives here on a tourist visa love to shop in France and the tourism industry is a major employer for skilled workers.

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