French economy to grow 2.1 pct in 2004; slump in 2005: INSEE
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The French economy is expected to grow 2.1 percent this year, but will limp through the first half of 2005 at a 1.4 percent pace that threatens the official full-year target of 2.5 percent, the national statistics office INSEE said.
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The French economy surged ahead in the fourth quarter of 2004 but missed the government's growth target, and high oil prices and consumer demand for imports pushed trade into the red for the first time in four years.
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China&#39;s economy will expand 8.8 per cent in 2004 and eight per cent in 2005, but growth next year may slow to 7.2 per cent if oil prices stay at around $40 a barrel, the Asian Development Bank said on Wednesday.
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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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The economy will likely pick up in 2007 after output growth slows rapidly in late 2006, according to a survey conducted by the Philadelphia Federal Reserve Bank released on Thursday.
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The European Commission raised its estimate for euro zone growth this year to 2.1 percent from the 1.7 percent forecasts last spring due to surging external demand.
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The British economy will pursue growth of 2.5-2.75 percent until the end of 2008, according to the OECD.
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WASHINGTON -- Despite soaring oil prices and a slumping dollar, the United States enjoyed a banner year in terms of economic growth in 2004, but the new year is likely to see a significant slowdown, private economists say.
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French equities look well placed to post tidy gains in 2005, with the benchmark CAC-40 index seen rising to around 4,100-4,200 points, bolstered by increased merger and acquisitions activity and attractive valuations, analysts said.
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PARIS  - France's public deficit will drop by about &#36;12 billion US in 2005 to conform with European Union rules, the French premier said in an interview.
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The US economy will grow solidly in 2005 and the outlook is similar under President George W Bush or John Kerry, top US business economists said in a survey released today.
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PARIS The Organization for Economic Cooperation and Development raised its 2004 growth outlook Tuesday for the world economy, forecasting further expansion in Europe and a robust upturn in Japan that would outpace the United States for the first time in
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The French economy grew at its fastest rate in five and a half years in the second quarter, figures show.
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Romania expects foreign direct investment to reach $2.5 billion in 2004, the Rompres news agency reported Friday.
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France will meet its European budget commitments in 2005, bringing its deficit under the 3 percent EU limit for the first time in four years, Finance Minister Nicolas Sarkozy said Wednesday, touting the extent of the slash as unprecedented.
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The UK economy is set to slow markedly in 2005, Deloitte warns, with growth of just 2%.
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The US economy has pulled out of a midyear pause and should grow well for the rest of 2004, Federal Reserve Governor Susan Bies said on Saturday, adding that