Nearly half of French feel poor or being on verge of poverty

PTI Updated - December 07, 2012 at 12:33 PM.

Nearly one in two French people consider themselves poor or fear they soon will be, said a survey published ahead of a national poverty conference that comes amid a period of prolonged economic stagnation.

Eleven per cent of respondents said they felt poor and 37 per cent said they felt they were becoming poor, according to the poll by the CSA agency for business daily Les Echos , published yesterday.

Fifty-one per cent of respondents said they did not consider themselves poor or in danger of poverty, and one per cent gave no response.

Salaried employees, manual labourers and independent workers felt the most exposed to poverty, while executives and professionals felt the least exposed.

The French economy, the eurozone’s second biggest, has essentially marked time since the end of last year. It grew 0.2 per cent in the third quarter of this year after a 0.1 per cent contraction in the second.

The Government has forecast growth of 0.8 per cent for 2013, but the Organisation for Economic Cooperation and Development has predicted an increase as low as 0.3 per cent and the International Monetary Fund just 0.4 per cent.

Published on December 7, 2012 06:22