You are here

France sticks to 1% growth forecast for 2015

MichelSapin020415.jpg
France will stick to its official forecast of one percent growth for 2015 when it revises budget plans later this month despite policymakers' repeated comments that they hope it can be surpassed, Finance Minister Michel Sapin said.

[PARIS] France will stick to its official forecast of one percent growth for 2015 when it revises budget plans later this month despite policymakers' repeated comments that they hope it can be surpassed, Finance Minister Michel Sapin said.

Mr Sapin told reporters the government wanted to be cautious and now considered the one per cent target as a floor rather than a target.

The eurozone's second-largest economy grew by only 0.4 per cent in 2014. Better consumer and business morale as well as other indicators including consumer spending show it is now starting to do better.

The government is due next week to present proposals to boost public and private investment.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom