hold stays quite weak at this moment. when we look at the first quarter income growth is low, the unemployment rate is high, so essentially the consumers are drawing on their savings for the spending. that cannot last forever. cannot last forever. despite some positive cannot last forever. despite some positive economic- cannot last forever. despite l some positive economic data, i ve noticed that the youth unemployment rate has been quite high. how much prejudice that put on overall consumer spending in the country? i think when you look at the youth, you know the younger generation, they are the one who likes to spend. so that very high youth unemployment is definitely going to put a drag on the consumption. and then when the graduation season was coming we had 9 million graduates who may face this very weak labour market for the youth generation, think that is not going bowed very well for consumer confidence in general. from the well s second biggest
household fundamentals remain quite weak at the moment. when we look at the first quarter, the unemployment rate is high, income growth is low, so essentially consumers are drawing on savings for spending. that cannot last for ever. , , , spending. that cannot last for ever. , ,, ever. despite some positive economic ever. despite some positive economic data, ever. despite some positive economic data, i ever. despite some positive economic data, i have - ever. despite some positive l economic data, i have noticed the youth unemployment rate has been quite high. how much pressure does that put on overall consumer spending in the country? overall consumer spending in the country? when you look at the country? when you look at the news. the country? when you look at the news, the the country? when you look at the news, the younger - the news, the younger generation, they are the ones who like to spend, right? so the very high youth unemployment is definitely going to put a drag o
fighting off rocks and other items and fires that are being set by the protestors. yeah, it s about the retirement age. remember french president macron pushed it through, he didn t have enough votes in the parliament so he pushed it through like an executive order and got people even more angry about the fact they would have to work a little bit longer than they would have. talks between a union and the government yesterday broke down. the constitutional court in france next week will be deciding on it. heard of another big protest like this going on. i might adjust one thing that has not been discussed too much as we look at the pictures and witness the riots over the past couple of weeks and months. young people in paris and in france have very little hope for the future. there is a very high youth unemployment rate, especially if you are in the minorities in france, and these people, yes, they are thinking 30 years ahead and thinking they want to retire early, but they are thinking
say that scale is something we can t fund and we will go home, or do they continue? ~ . , , continue? well, there has been president in continue? well, there has been president in the continue? well, there has been president in the past continue? well, there has been president in the past because i continue? well, there has been| president in the past because of social president in the past because of social moments of movement, i think social moments of movement, i think it social moments of movement, i think it is social moments of movement, i think it is worth saying this particular reform is not well liked by many particular reform is not well liked by many french economists and i have spent by many french economists and i have spent much by many french economists and i have spent much of the morning talking to economists spent much of the morning talking to economists about it, and many of them economists about it, and many of them say economists a