France Cuts Budget Deficit Forecast

The French government downgraded the budget deficit projections for this year and next, the Finance Ministry said Tuesday.

The government currently forecast a deficit of 2.9 percent of gross domestic product for 2017 and 2.6 percent for 2018.

The estimate for this year was trimmed from 3 percent and that for next year from 2.7 percent.

The ministry also raised its economic growth outlook to 1.7 percent this year from 1.6 percent.

The material has been provided by InstaForex Company –

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