The French economy is thriving: As the Paris Olympics draw to a close on Sunday, the French economy is seeing a marked improvement, with a surge in activity benefiting hotels, bars, restaurants and museums, according to the country’s tourism minister. France, the euro zone’s second-largest economy, has anticipated a positive economic impact from the Games, with projections indicating growth of 0.3 percentage points driven by ticket sales, television rights and increased tourism. Tourism Minister Olivia Gregoire shared with La Tribune Dimanche that hotel bookings in cities hosting Olympic events are up 16 percent compared to a year earlier. In addition, museum attendance and spending at Parisian restaurants and bars are up an average of 25 percent. Visa, a corporate sponsor of the Olympics, reported earlier this month that small businesses in Paris have seen an increase in sales through card transactions. The Bank of France also forecast the country’s economy would grow by 0.35 percent in the third quarter, attributing the boost to increased economic activity around the Olympic Games.(With contributions from Reuters)
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