Arab Today, arab today imf cuts french growth forecast warns on budget deficit
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

IMF cuts French growth forecast, warns on budget deficit

Arab Today, arab today

Arab Today, arab today IMF cuts French growth forecast, warns on budget deficit

Fishing port of Lorient, western France
Paris - AFP

The International Monetary Fund on Thursday lowered its growth forecast for France this year and warned the country may miss its targets to cut its budget deficit.
The Washington-based body cut its gross domestic product (GDP) growth projection for France this year to 0.7 percent, down from the 1.0 percent it had forecast in April.
Unemployment in the eurozone's second-biggest economy is predicted to remain high until 2016, while stalling economic growth means France's public deficit will exceed EU targets to hit 4.0 percent this year.
"The French economy has shown great resilience during the global financial crisis but the pace of recovery has been slow," the IMF said in a statement.
It also called for "deeper structural reforms" to help turn around the economy.  
President Francois Hollande's deeply unpopular Socialist government is struggling to boost growth in France's sluggish economy and stem rising unemployment.
The number of registered unemployed in France has meanwhile suffered a big jump in May, rising by 24,800 to a new record of 3.388 million.
France had been supposed to get its public deficit down to 3.0 percent of output but won a reprieve from the European Commission, and was aiming for 3.8 percent in 2014.
National audit body, the Accounting Court, this month warned France's future growth could be threatened by its growing public deficit, which is expected to hit 4.0 percent this year.
The government has pledged cuts in planned spending totalling 50 billion euros ($68 billion) by 2017 to restore export competitiveness, boost growth and create jobs.
The IMF said France would have to carry on with these policies noting that there was "little room for deviation".
Next year it predicted France's economic growth would rise to 1.4 percent, accelerating to 1.7 percent in 2016, 1.8 percent in 2017 and 1.9 percent in 2018 and 2019.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf cuts french growth forecast warns on budget deficit Arab Today, arab today imf cuts french growth forecast warns on budget deficit

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf cuts french growth forecast warns on budget deficit Arab Today, arab today imf cuts french growth forecast warns on budget deficit

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday