French growth likely to fall short of govt forecasts
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France's growth rate may fall short of government forecasts in 2005, crimped by slowing exports and consumer spending, the national statistics office said.
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German economic data released Wednesday painted a mixed picture of the health of Europe's biggest economy, with analysts predicting a slowdown but of unknown proportions.
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The U.S. economy will slow sharply this year and fall behind growth rates in most of the world, according to forecasts in a U.N. report released Wednesday.
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ECONOMISTS have warned that French President Jacques Chirac - s pledge to resume tax cuts in 2006 puts the country at risk of breaching EU budget deficit limits.
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Weakness in manufacturing, especially the auto industry, may be damping economic prospects, but the bigger services sector appears to be more than making up for it.
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France must learn to work harder and rein in its &quot;excessive&quot; public sector if it is not to sink into irreversible economic decline, a committee of experts led by former IMF chief Michel Camdessus warned the government.
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The U.S. economy will grow slowly  during the first half of the year, but pick up strength as the  months pass, a survey of top forecasters showed on Saturday.
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French Prime Minister Jean-Pierre Raffarin insisted this weekend his country would achieve growth of 2.5 percent next year despite reports of flagging economic momentum in recent months.
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France's extended vacations and 35-hour work week have long been the target of critics who say the labor laws hamper economic growth. Now they could be falling by the wayside.
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France signalled it will slash its public overspending next year to come into line with EU rules in a 2005 budget published on Wednesday and forecast economic growth of 2.5 percent.
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France's economy slows by more than expected in the third quarter, the latest data to raise question marks over growth in the eurozone.
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Germany&#39;s leading economic research institutes are expected to predict a slowdown in economic growth in their autumn reports Tuesday.
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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 economic growth rate in the July-September period was revised slightly downward from an already weak preliminary report, the government said Wednesday.
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If front-runners Nicolas Sarkozy or Segolene Royal stumble in their race for the French presidency &#151; and that's a very big "if" &#151; then a centrist rising slowly but surely in opinion polls is ready to pounce.
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Budget Minister Dominique Bussereau said that French economic growth could exceed 2.5 percent this year, judging by the most recent macroeconomic figures from the state statistics office.
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Creating a defence and aerospace industrial champion centered on France may be impossible for Nicolas Sarkozy to engineer during his last days as finance minister, as political considerations cloud the ...