Latest news with #Olympic-driven
Fibre2Fashion
3 days ago
- Business
- Fibre2Fashion
France's real GDP growth is projected to slow to 0.6% in 2025
France's real GDP growth is projected to decelerate to 0.6 per cent in 2025, down from 1.1 per cent in 2024, according to the International Monetary Fund's (IMF) Article IV Consultation. The slowdown is attributed to global trade tensions, weak external demand, market volatility, and persistent domestic uncertainty. Growth is expected to improve modestly to 1 per cent in 2026. Despite subdued outlooks, the French economy demonstrated resilience in 2024, buoyed by the temporary economic lift from the Paris Olympics and a robust labour market. However, fiscal pressures persisted in 2024 due to lower-than-expected revenues, overspending by local governments and social security entities, and rising debt service costs, resulting in an expansionary fiscal stance despite efforts to control spending, as per the IMF. France's GDP growth is projected to slow to 0.6 per cent in 2025, down from 1.1 per cent in 2024, amid trade tensions and policy uncertainty, the IMF said. Despite Olympic-driven gains and a strong labour market, fiscal pressures persisted. The IMF urged fiscal reforms, praised banking resilience, and called for productivity and labour market improvements. IMF executive directors emphasised the urgency of strengthening public finances and advancing structural reforms. They backed the government's fiscal consolidation plans but urged a credible package of additional measures and deeper coordination across central, local, and social security spending. The IMF's 2025 Financial Sector Assessment Program confirmed the strength of France's banking sector, citing adequate capital and liquidity buffers. Directors praised ongoing efforts to improve financial oversight and incorporate climate and cyber risks into institutional governance frameworks. To sustain long-term growth, directors stressed the need to boost productivity through better-targeted R&D spending, reduced regulatory burdens, and strengthened labour market integration, especially for women and migrants. Fibre2Fashion News Desk (HU)
Qatar Tribune
02-06-2025
- Sport
- Qatar Tribune
Sheikh Joaan meets with IOC President-Elect
Tribune News Network Lausanne H.E. Sheikh Joaan bin Hamad Al Thani, President of the Qatar Olympic Committee and a member of the Olympic Refuge Foundation (ORF) Board, met today with Her Excellency Kirsty Coventry, President-Elect of the International Olympic Committee, on the sidelines of the Foundation's annual board meeting held at the Olympic House in Lausanne, Switzerland. The meeting was attended by Her Excellency Sheikha Hind bint Hamad Al Thani, Vice Chairperson of Qatar Foundation, underscoring the shared commitment of the Qatar Olympic Committee and Qatar Foundation to supporting refugee causes through sport, education, and community development. During the meeting, both sides discussed a range of topics of mutual interest, particularly the promotion of cooperation in the areas of sports governance, youth empowerment, and the expansion of Olympic-driven initiatives that leverage sport as a tool for sustainable development and social cohesion. The meeting also shed light on the sport programs designed for refugees and youth in host communities, as well as on ways to strengthen partnerships with international organizations in order to enhance the global impact and visibility of the Olympic Refuge Foundation.
