53952
France Cuts 2016 Growth Target
France Cuts 2016 Growth Target

France Cuts 2016 Growth Target

France Cuts 2016 Growth Target

France lowered its economic growth target for 2016 to 1.4% from a previous estimate of 1.5%, a government statement said, Xinhua reported. France, one of Europe’s leading powerhouses, will miss this year’s growth goal because of dim economic performance during the second and third quarters which were overshadowed by rolling strikers against labor reform, terrorist attacks and poor harvests, the finance ministry said. Despite a lower growth projection, the French government stuck to the deficit target set at 3.3% of gross domestic product in 2016. Looking ahead, the government held pledges to accelerate economic growth by 1.5% in 2017 and lower the budget gap by 0.6 percentage point to 2.7% of GDP.

Short URL : https://goo.gl/i4KJKH
  1. https://goo.gl/UXPKkJ
  • https://goo.gl/hXfIq8
  • https://goo.gl/HeJDvE
  • https://goo.gl/QluHtT
  • https://goo.gl/4CSwdX

You can also read ...

ADB Forecasts India Growth at 7.3 Percent
The Asian Development Bank expects India’s growth to pick up...
Dow futures dropped more than 100 points in early trading, as traders returned from the long holiday  weekend to face fresh selling pressure for US stocks.
A six-day rebound in world stocks began to splutter on Tuesday...
Ghana Told to Cut High Agro Imports
The World Bank country director for Ghana, Henry Kerali, has...
Chinese ironworks are increasingly  using Australian ore, which has  a high iron content.
Global stock markets are down from their recent peaks and...
London-based Capital Economics expects the German economy to expand by 2.7% this year. This would be above the government’s  more conservative forecast of 2.4%.
The German economy is expected to improve in the next six...
Indonesia Criticizes Trump’s Protectionist Policies
Indonesia is foregoing billions of dollars on offer from...
Goldman Raises Red Flag Over US Gov’t Spending
US fiscal policy is headed for “uncharted territory.” That’s...
File picture of truckers in Buenos Aires during a demonstration last summer against the policies of Mauricio Macri.
The Argentine economy grew “close to 2.8%” last year, Guido...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus