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French businesswoman Jacqueline Veyrac was kidnapped in Nice while the President of Cannes’s five-star Grand Hotel was seized from her car . Will fear hurt the French economy?

French businesswoman Jacqueline Veyrac was kidnapped in Nice while the President of Cannes’s five-star Grand Hotel was seized from her car . Will fear hurt the French economy?
  • Yes, it certainly could.

    With the number of high-profile attacks and kidnappings in France over the last year, many people could be deterred from visiting. France is a beautiful country with many incredible attractions, so I don't expect the recent events to have a huge impact, but it certainly will scare off some people.

  • Tourism down in France

    With all of the terrorist attacks in France over the last few years, tourism has steadily declined. Tourism is a major industry and attraction for France. In the first six months of this year alone, hotel arrivals have dropped 7.5% in Paris. The number of visitors to the Arc of Triumph plummeted 35%, while the Chateau de Versailles experienced a 16% decrease in visitors.

  • I agree that fear will hurt the French economy.

    Fear has a way of hurting any economy. If there is fear of a potential terrorist attack then citizens become more hesitant of travel and dining out and also avoid interactions in public places. Overall this has an impact on the economy and can hurt it in many aspects and degrees.

  • No, the economy of France will not be hurt by fear.

    No, the French economy will not suffer from fear. Businesses will continue forward regardless of criminal activity. Law enforcement will need to ramp up to protect people against kidnappings, but this will not affect France's business and commerce sector. Business executives will likely need to hire bodyguards, but their companies will not suffer.


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