Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Ebola: Mali's first case dies

Read more

MEDIAWATCH

Queen Elizabeth tweets

Read more

THE WORLD THIS WEEK

The world this week - October 24 2014 (part 2)

Read more

THE WORLD THIS WEEK

The world this week - October 24 2014

Read more

FRANCE IN FOCUS

Art rocks and shocks Paris

Read more

#TECH 24

Samsung's Gear VR Reviewed

Read more

#TECH 24

How to become a Cyborg

Read more

ENCORE!

Paris rediscovers Picasso

Read more

#THE 51%

Should freezing your eggs be a company benefit?

Read more

Business

PM Fillon announces improved growth forecast

Text by NEWS WIRES

Latest update : 2009-09-17

Prime Minister François Fillon says he expects the French economy to shrink by 2.25% in 2009 (down from a previous forecast of 3%), and resume growing by 0.75% next year. Yet, while the economy is no longer contracting, it is still shedding jobs.

AFP - France's economy will shrink by only 2.25 percent this year rather than by 3.0 percent as forecast and will return to positive growth in 2010, Prime Minister Francois Fillon said Thursday.
  
"The crisis isn't over. The crisis won't be over until unemployment starts to come down. But we have a landscape that is evolving positively," he said, predicting that the French economy will grow by 0.75 percent next year.
  
"The recovery is coming into view. It's fragile but I think the shoots are there," he added, in a speech to business leaders.
  
Last week, the French central bank forecast that the economy would expand by 0.3 percent in the third quarter of this year, confirming a trend that had seen it emerge from a year-long recession in the second quarter.
  
Despite signs of recovery, however, the jobless total has continued to rise, albeit more slowly after the number of jobseekers increased by more than 25 percent between June 2008 and June 2009 to more than 2.5 million.
  

Date created : 2009-09-17

COMMENT(S)