France says 2013 deficit to be higher, 2014 growth lower

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Finance minister Pierre Moscovici said 2013 public deficit will come in at 4.1 percent of GDP, higher than the 3.9 percent agreed with EU.

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Finance Minister Pierre Moscovici said Wednesday that France would fail to reach the deficit target it agreed with the EU for this year and lowered the government's growth forecast for 2014, reports AFP.