France’s finance minister has denied that the eurozone’s second-biggest country has revised down its economic prospects for 2013.
Pierre Moscovici was quoted on Saturday as saying that France’s economy might shrink 0.1% this year, after predicting 0.1% growth earlier this year.
But he said on Sunday: “I have not made any revision on the forecast of growth in France.”
He added that a new forecast might appear with the new budget next month.
France has not had a year of negative growth since 2009.
“We know the trends and this year growth will be weak and between -0.1% and 0.1%,” Mr Moscovici told the Nice Matin newspaper on Saturday. “What is important is that the trend has reversed.
via BBC
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.