IMF: French growth weak, will miss 2013 3% deficit target
- Published: 22 Dec 2012 at 06.46
- Online news: World
The IMF said Friday that France's growth outlook "remains fragile" and warned that it would probably miss its target of reducing its public deficit to three percent next year.
French president Francois Hollande is seen through the glass of an Europe 1 radio station studio on December 21, 2012 in Paris. The IMF said Friday that France's growth outlook "remains fragile" and warned that it would probably miss its target of reducing its public deficit to three percent next year.
"Growth remains sluggish and the near-term outlook is subject to downside risks," it said, saying France's 2013 deficit would not fall below 3.5 percent, while growth will fall from 1.7 percent in 2011 to 0.2 percent in 2012.
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