+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

French Economy Minister: Terrorism did not stop our economy

Jan 8, 2016, 03:25 IST

AP

France's economy wasn't greatly affected by the terrorist attacks in Paris, the country's economic minister told Business Insider on Thursday.

Emmanuel Macron was speaking at the 2016 Consumer Electronics Show in Las Vegas, where he is in attendance to promote the nation's tech startups.

"We had a very short-term slowdown in tourism, leisure, and retail industries," the former investment banker at Rothschild said in an interview with Business Insider.

Advertisement

"It was largely comparable with what the US experienced in 2001," he added, referring to the September 11, 2001, attacks on US soil.

In the aftermath of the November attacks in France that left 130 people dead, Air France reported $54 million in lost revenue. According to Macron, the deleterious effects were short-lived.

"The macroeconomic impact on France was limited even though it fell during the crucial end-of-year period," Macron said.

The minister added that he was incredibly impressed with the way his country's citizens and industry pulled together in reaction to the difficult times.

Advertisement

"This attack was an attack against democracy and to threaten our people to stop globalization," he said. "The story of fear is not our story."

He added: "The economy and the willingness of the French people to mobilize is absolutely critical."

NOW WATCH: French President Hollande visited the enormous aircraft carrier that's fighting ISIS

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article