France is set to breach promises to cut its public deficit, according to new figures from the European Union suggesting the country's deficit will remain above the 3pc ceiling in 2014 and 2015. The EU's winter economic outlook suggested France's deficit will climb to 4pc of output this year and remain at 3.9pc in 2015.
Following the release of public deficit figures last year, the French government had promised to keep its deficit beneath the EU's 3pc ceiling, predicting public spending cuts would keep the deficit beneath 2.8pc for 2015.
Pierre Moscovici, economy minister, maintained that his country is on course: "France has a public finance trajectory that it presented to the European Commission and it is sticking to it."
However, the EU's outlook suggests economic growth in France is set to pick up, reaching 1pc this year and 1.7pc by 2015, in line with economic growth predictions for the rest of the Eurozone.
8 comments:
I get a kick out of these government economic statistics. Could I tell you with such precision what my income will be in 2014, 2015? What my expenditures will be? I realize some effort has to be made to try and 'guesstimate' national revenues and expenditures and where GDP is trending but these ridiculous assertions that future GDP can be measured with a precision of plus or minus 1/10 of 1 percent are deranged. They get revised in hindsight by factors of 10 or 20 times that.
I get a kick out of these government economic statistics. Could I tell you with such precision what my income will be in 2014, 2015? What my expenditures will be? I realize some effort has to be made to try and 'guesstimate' national revenues and expenditures and where GDP is trending but these ridiculous assertions that future GDP can be measured with a precision of plus or minus 1/10 of 1 percent are deranged. They get revised in hindsight by factors of 10 or 20 times that.
I get a kick out of these government economic statistics. Could I tell you with such precision what my income will be in 2014, 2015? What my expenditures will be? I realize some effort has to be made to try and 'guesstimate' national revenues and expenditures and where GDP is trending but these ridiculous assertions that future GDP can be measured with a precision of plus or minus 1/10 of 1 percent are deranged. They get revised in hindsight by factors of 10 or 20 times that.
I get a kick out of these government economic statistics. Could I tell you with such precision what my income will be in 2014, 2015? What my expenditures will be? I realize some effort has to be made to try and 'guesstimate' national revenues and expenditures and where GDP is trending but these ridiculous assertions that future GDP can be measured with a precision of plus or minus 1/10 of 1 percent are deranged. They get revised in hindsight by factors of 10 or 20 times that.
I get a kick out of these government economic statistics. Could I tell you with such precision what my income will be in 2014, 2015? What my expenditures will be? I realize some effort has to be made to try and 'guesstimate' national revenues and expenditures and where GDP is trending but these ridiculous assertions that future GDP can be measured with a precision of plus or minus 1/10 of 1 percent are deranged. They get revised in hindsight by factors of 10 or 20 times that.
I get a kick out of these government economic statistics. Could I tell you with such precision what my income will be in 2014, 2015? What my expenditures will be? I realize some effort has to be made to try and 'guesstimate' national revenues and expenditures and where GDP is trending but these ridiculous assertions that future GDP can be measured with a precision of plus or minus 1/10 of 1 percent are deranged. They get revised in hindsight by factors of 10 or 20 times that.
I get a kick out of these government economic statistics. Could I tell you with such precision what my income will be in 2014, 2015? What my expenditures will be? I realize some effort has to be made to try and 'guesstimate' national revenues and expenditures and where GDP is trending but these ridiculous assertions that future GDP can be measured with a precision of plus or minus 1/10 of 1 percent are deranged. They get revised in hindsight by factors of 10 or 20 times that.
I get a kick out of these government economic statistics. Could I tell you with such precision what my income will be in 2014, 2015? What my expenditures will be? I realize some effort has to be made to try and 'guesstimate' national revenues and expenditures and where GDP is trending but these ridiculous assertions that future GDP can be measured with a precision of plus or minus 1/10 of 1 percent are deranged. They get revised in hindsight by factors of 10 or 20 times that.
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