France 'to beat growth forecasts'
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The French economy will surpass European Commission estimates, figures from the Bank of France indicate.
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French economic growth is expected to dip slightly to 2.1 percent this year from 2.2 percent in 2006, still well below the eurozone average, the national statistics institute INSEE said Friday.
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French President Nicolas Sarkozy on Wednesday received a much-awaited economist's report on removing barriers to growth, but its call for 300 free-market reforms sparked a mini-rebellion in his party.
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New French Prime Minister Francois Fillon reiterated Tuesday a target of &quot;full employment&quot; by 2012 along with a two-year delay in meeting an EU limit on France&#39;s excessive public debt.
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OECD members South Korea, Australia and New Zealand could all expect stronger economic growth in 2004 than 2003, the Paris-based organisation forecast in its semi-annual outlook.
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Carrefour SA, the world&#39;s second- largest retailer, said annual profit will not meet a forecast for growth of at least 10 percent because of price cuts aimed at reviving demand in France, its home market.
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Nicolas Sarkozy's party says it will press ahead with reforms, despite falling short of the landslide it predicted in parliamentary elections. Did you vote?
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President Nicolas Sarkozy vowed to stay the course of economic reform in a keynote speech to French business leaders Thursday, promising to free up the labour market, drive down prices for consumers and root out waste in the public sector.
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France's finance minister announced new measures Tuesday designed to boost confidence, stimulate growth and tackle what he called the "scandalously high" jobless rate.
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A likely soft landing for the U.S. economy will not dent the recovery that is gathering pace in Europe, the OECD said Tuesday, as it raised its growth forecast for the 12 nations that use the euro and cut its outlook for the United States.
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France's economic growth in the second quarter of 2006 was its best in 20 years, its finance minister says.
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NEW YORK/LONDON  - France's Nicolas Sarkozy warned on Thursday that the U.S. home loan crisis was a threat to world growth, while a Bank of Japan policy-maker said the recent market turmoil has been overdone.
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PARIS, Nov 30  - The French economy is set for growth in the next two years and unemployment should begin to fall once oil prices ease, the OECD said here Tuesday.
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France's president is heading for a showdown with European finance ministers over its budget deficit.
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French Economy Minister Nicolas Sarkozy said late Wednesday that there was no need to lower the 2005 economic growth forecast for France because of surging oil prices, saying such a move would dent confidence.
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Growth in the US economy this year is likely to be 4.3%, the OECD forecast today, lowering an earlier forecast of 4.7%. But the Japanese economy was set to grow by 4.4% instead of 3% forecast earlier and the euro zone by 2% instead of 1.6%.
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The OECD revised the growth projections for its major members. The growth of the US economy this year is likely to be 4.3 percent, instead of an earlier forecast of 4.7 percent, it said.