French finance minister to cut 2024 growth forecast
© Reuters. French Minister for Financial system, Finance, Industry and Digital Safety Bruno Le Maire delivers a speech all over the inauguration of a brand contemporary hub in France dedicated to the man made intelligence (AI) sector, on the Google France headquarters in Paris, France, F
PARIS (Reuters) – French Finance Minister Bruno Le Maire will philosophize a lower govt increase forecast for 2024 in an interview on TF1 tv on Sunday evening, French media reported.
They talked about that consequently of slower increase on the tip of 2023 and a veteran outlook for the first half of of this year, the govt. would contain to lower its fleshy-year 1.4% GDP increase forecast and philosophize contemporary cuts in speak spending.
On-line paper La Tribune reported that the 2024 forecast will most doubtless be lower to round 1% and that Le Maire will philosophize spending cuts of 20 billion euros over two years.
Le Figaro reported that he will lower the forecast to 0.9% and would philosophize a 10 billion euro financial savings thought.
The finance ministry declined to comment on the experiences. It talked about on Saturday that Le Maire would talk on the 8 pm TF1 news.
The European Commission on Feb. 15 lower its 2024 GDP increase forecast for France to 0.9% from the 1.2% viewed in November, and it lower its forecast for Germany – the EU’s supreme economy – to 0.3% from 0.8%.
Earlier this month, the Paris-based fully fully Organisation for Financial Cooperation and Pattern lower its 2024 French increase forecast to 0.6% from 0.8% previously.
France’s respectable statistics company INSEE on Feb. 7 forecast that the euro zone’s 2nd-supreme economy used to be set aside to effect bigger proper 0.2% within the first quarter from the outdated three months, when it flatlined, and that it could perchance presumably maybe well defend that fee within the 2nd quarter.
