France eyes 1.5 percent growth in 2016


Paris, Sep 7 (IANS): The French economy, the euro zone's second largest, should grow 1.5 percent next year, French President Francois Hollande said on Monday.

The country's high unemployment rate, which stands currently at 10 percent, will start lowering, Xinhua quoted Hollande as saying.

"Growth should be at 1.5 percent next year. It is the target that we have set and it is reasonable. We may possibly do more but I must ensure that our forecasts correspond to what can be the reality's estimation," he said.

Looking to this year's economic performance, Hollande expected more than one percent, but "it is not yet sufficient to reduce unemployment", according to France's top official.

Under pressure to put in order the country's finances, Hollande said 2015 deficit gap stood at 3.8 percent and cut the forecast figure by five percentage points next year.

 

  

Top Stories


Leave a Comment

Title: France eyes 1.5 percent growth in 2016



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.