French Economy Minister: Terrorism did not stop our economy
AP
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.
"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.
"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."
- Love in the time of elections: Do politics spice up or spoil dating in India?
- Samsung Galaxy S24 Plus review – the best smartphone in the S24 lineup
- Household savings dip over Rs 9 lakh cr in 3 years to Rs 14.16 lakh cr in 2022-23
- Misleading ads: SC says public figures must act with responsibility while endorsing products
- Here’s what falling inside a black hole would look like, according to a NASA supercomputer simulation
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market