🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

France ups economic growth forecasts - Les Echos

Published 21/04/2014, 21:26

PARIS (Reuters) - France will raise its economic growth forecasts for 2014, 2016 and 2017 in its annual stability programme to be submitted to Brussels, in a plan that honours its European commitments on budget deficit reduction, Les Echos reported on Monday citing unnamed sources.

The French government is to present its main long-term economic and financial forecasts as part of its annual stability programme at the cabinet meeting on Wednesday.

France will increase its growth forecast for 2014 to 1 percent, from the 0.9 percent previously included in its 2014 budget, the paper said, while leaving it unchanged at 1.7 percent for 2015 and raising it to 2.25 from 2.0 percent for both 2016 and 2017.

No-one at the Finance Ministry was immediately available for comment.

France vowed last week to honour its commitment to reduce its deficit to 3 percent of gross domestic product by 2015, as it unveiled planned tax and public spending cuts for the next three years aimed at spurring economic recovery.

(Reporting by Maya Nikolaeva; Editing by David Holmes)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.