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July 2nd, 2012 
FAKE NEWS for the Zionist agenda Growth in 2012 is now expected to reach just 0.4 percent or less this year rather than 0.5 percent, while in 2013, “an expansion within 1 to 1.3 percent…appears more credible” than the earlier forecast of 1.7 percent, AFP quoted him as saying on Sunday in an interview published in the Le Figaro newspaper.
The minister made the remarks after the National Institute of Statistics and Economic Studies (INSEE) said on Friday that the EU member state’s public debt had experienced a sharp rise of EUR 72.4 billion in the first quarter of the current year.
The increase, the institute said, had taken the debt to an unprecedented amount of EUR 1.789 trillion, equivalent to 89.3 percent of the country’s gross domestic product.
The gloomy projection regarding France’s economic growth prospects indicates that the government will have a tougher time meeting its targets of bringing down its public debt levels to 4.5 percent of the GDP in 2012 and 3.0 percent by 2013.
During his election campaign, French President Francois Hollande promised to reduce the public debt, basing the pledge on a forecast of 0.5 percent growth for this year and 1.7 percent for 2013.
Sluggish growth rate and serious debt crisis has been troubling the country, which is considered to be one of the EU’s economic powerhouses, since the global financial crisis started to affect the 27-nation bloc roughly five years ago.
MN/MF/HN
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