Arab Today, arab today france revises down 2013 growth figure
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

France revises down 2013 growth figure

Arab Today, arab today

Arab Today, arab today France revises down 2013 growth figure

Paris - AFP

French Finance Minister Pierre Moscovici on Saturday revised down the country\'s growth for 2013, estimating gross domestic product will end up somewhere between -0.1 percent and 0.1 percent, but insisted France was out of recession. The French government had been expected to present a modest growth of around 0.1 percent, still judged by economists to be insufficient to reduce unemployment. Despite the government\'s revision, the minister told the Nice Matin newspaper that the \"French economy is out of recession and is recovering to be more sustainable, stronger and able to create more jobs\". \"What is important is that the trend has reversed,\" said the minister. \"After two quarters of negative growth, the last quarter of 2012 and the first of 2013, the second and third quarters of 2013 will experience positive growth,\" he predicted, adding that \"all indicators would improve, starting with industrial production\". \"I have every reason to believe that 2014 will be the first year of real growth for three years,\" said Moscovici. Despite this, the economy\'s stagnation in 2013 complicates preparations for next year\'s budget. The minister indicated to Nice Matin that the 2014 budget, to be revealed in the next few weeks, will make a provision for an increase in the tax burden equivalent to 0.3 percent of gross domestic product. \"We must reduce the deficit... but at a pace which does not upset growth. \"First, in line with International Monetary Fund recommendations, we will reduce public spending, then by a limited increase in the tax burden of 0.3 percent, in line with social justice,\" said Moscovici. In its annual report on the French economy, published Monday, the IMF estimated that Paris had begun to \"stabilise deficits\" but should slow down the pace of austerity. It recommended France continue its efforts but to rely more on spending cuts and less on tax increases.

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 france revises down 2013 growth figure Arab Today, arab today france revises down 2013 growth figure

 



Arab Today, arab today

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 france revises down 2013 growth figure Arab Today, arab today france revises down 2013 growth figure

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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