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France's Le Maire sticks to 2023 economic growth forecast for now

2023-06-21 03:19
PARIS French Finance Minister Bruno Le Maire said on Tuesday he was sticking for now with the government's
France's Le Maire sticks to 2023 economic growth forecast for now

PARIS French Finance Minister Bruno Le Maire said on Tuesday he was sticking for now with the government's forecast of 1% economic growth for 2023.

"I confirm the growth forecast for 2023," Le Maire told France 2 television.

"I am lucid about the economic environment with several of our neighbours in recession...so we will keep on monitoring the situation closely," he added.

Pointing out that the government would present a public finances bill at end-September, he said: "We will see then what is our forecast."

French statistic institute INSEE said earlier this month that the euro zone's second biggest economy is projected to expand by 0.1% in the third quarter and 0.2% in the fourth, making for an annual GDP figure of 0.6%.

(Reporting by Dominique Vidalon; Editing by Benoit Van Overstraeten)