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France – Growth forecast for 2011

Published on March 3, 2011
Communiqué issued by the Ministry for the Economy, Finance and Industry

Paris, March 1, 2011

The European Commission has today published its new forecasts for European Union growth in 2011.

Christine Lagarde, Minister for the Economy, Finance and Industry, notes with satisfaction an improvement in these forecasts for all the main economies of the Euro Area, as well as for the European Union. The growth forecast for France is increased by 0.1 percentage points to 1.7% in 2011, and for Germany by 0.2 percentage points to 2.4%.

Christine Lagarde largely shares the diagnosis on which the European Commission’s new forecasts are based: the resurgence in the economy proved to be stronger than expected in 2010, and the leading indicators for the start of 2011 are positive. The recovery of global demand, particularly originating with our European partners, should continue to sustain the activity of our businesses. On this basis, Christine Lagarde believes French growth for 2011 will be higher than calculated by the Commission, and she maintains her forecast of 2%.

This news is encouraging for the continuation of the government’s priority task: fighting unemployment and creating jobs./.

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