Arab Today, arab today hollande foresees france\s growth at 08 for 2013
Last Updated : GMT 16:22:08
Arab Today, arab today
Arab Today, arab today

Hollande foresees France\'s growth at 0.8% for 2013

Arab Today, arab today

Arab Today, arab today Hollande foresees France\'s growth at 0.8% for 2013

Paris - XINHUA

French President Francois Hollande said on Sunday the country\'s economic growth forecast for 2013 will be downgrade to 0.8 percent from the previous forecast of 1.2 percent. \"It will be below 1 percent, most likely 0.8 percent,\" the French president said in a TV interview with TF1, admitting that the 2013 budget would be the toughest in 30 years. \"We won\'t spend a euro more in 2013 than in 2012,\" Hollande affirmed. The French leader also forecast a zero growth for the country\'s economy against earlier estimation of 0.3 percent. His speech came at a time of mounting public discontent over the economic woes and the record high unemployment. Recent ratings have seen his popularity declined as a new president. However, Hollande promised to restore France to fiscal health in two years. \"My mission is a recovery plan and the time frame is two years,\" he said. \"My government has no time to waste,\" he said, \"It has reacted swiftly.\" To save at least 30 billion euros (38.42 billion U.S. dollars) to reduce budget deficit to 3 percent of GDP for 2013 is quite a challenge for Hollande\'s Socialist government. The president insisted on imposing a 75-percent tax on incomes above 1 million euros (1.28 million U.S. dollars) , vowing no exceptions in this wealth tax plan, but it might be dropped in two years \"once the economy recovered.\" Hollande pledged to stem rising unemployment in a year\'s time. The state statistics showed that the current unemployment rate has reached 10.2 percent in the second quarter and the latest unemployment number has mounted to 3 million. Admitting economy worsen than expected, the French president wish the French people would have a better life in 2017 when he concludes his five-year mandate.  

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 hollande foresees france\s growth at 08 for 2013 Arab Today, arab today hollande foresees france\s growth at 08 for 2013

 



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 hollande foresees france\s growth at 08 for 2013 Arab Today, arab today hollande foresees france\s growth at 08 for 2013

 



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 How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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