Keyword: growth

Official: why President Hollande's economic policies are doomed to fail


The influential Observatoire Français des Conjonctures Économiques (OFCE), known as the French Economic Observatory in English, has just published a powerful critique of French government economic policy. In cautious but bleak language it charts how austerity is sapping France's economy while pointing out that the government's massive hand-outs to companies will contribute only a meagre stimulus to growth. Its grim conclusions match those of other economists, but this study differs by also showing how austerity choked off a recovery back in 2010 that could have delivered nearly 2.4% growth instead of the anaemic, near-zero growth since. It is, argues Mediapart's Laurent Mauduit, a damning indictment of President François Hollande's economic strategy.

France drops growth forecast and says will miss deficit target

Finance minister says economy will grow by just 0.4% in 2014 compared with recent 0.5%  forecast and public deficit will be 4.4% not 3.8%.

France slashes growth forecasts and says will miss 2014 deficit target

Finance minister says growth for 2014 will be 0.5% - half the original forecast - as figures show French economy stagnant in second quarter.

France braced for almost zero economic growth

Figures expected to show on Thursday that French economy barely expanded during second quarter of this year after stagnating in the first.

Germany rejects Hollande plea to help growth

French president's call for Germany to do more to encourage economic growth in France is rebuffed by Angela Merkel’s spokeswoman.

French growth to miss Hollande’s target in 2014, says report

National statistics office INSEE says growth will be around 0.7% this year, below the 1% needed to help reduce France's budget deficit.

German GDP expands, France stalls

Zero growth in first quarter in France as household expenditure and exports slowed considerably, while Germany's economy grew by 0.8%.

French central bank sees recovery struggling to gain momentum

Bank of France predicts growth in French economy of just 0.2% in second quarter of 2014, the same as in the first three months of the year.

France returns to growth

The French national statistics institute reported the country's economy expanded by 0.3 per cent in the fourth quarter of 2013, more than expected.

France to turn corner on growth in final quarter of 2013

According to preliminary figures released by French central bank, the country’s recovery gained ground at the end of 2013 with 0.5% growth.

French economy slumps back into contraction

France's economy shrank by 0.1% in the third quarter but ministers insist that the overall figures for 2013 will show growth.

Recovering French banks face new challenge ahead

Once shunned for exposure to debt in Greece and Italy, French bank stocks were top pick this year, but future competitivity doubts now cloud future.

Economic growth in France, Germany hauls eurozone out of recession

Unexpected second-quarter economic growth of 0.5% in France, 0.7% in Germany sees eurozone grow overall 0.3%, ending18-month recession.

France needs both reform and growth, says minister

At meeting in Germany, finance minister Pierre Moscovici says Paris still committed to getting finances in order, but not at expense of growth.

French finance minister confirms 0.1% growth this year

French finance minister Pierre Moscovici revises downward a previous estimate of 0.8 percent growth in 2013 as economy struggles.