Forecast growth in 2010 doubled in France

The government will almost "double" its growth forecast for 2010 up to now set at 0.75%, said Prime Minister Francois Fillon on Thursday. This revision of economic forecasts will rise to the occasion of the supplementary budget, said the Premier.

"In the beginning of this year's event takes off. I am announcing that we will revise upwards our growth rate during the presentation of the budget law on investment for the future, next week, "said Francois Fillon. "I think we will not be far from doubling our last official forecast, which was 0.75%. The government is coming close to economists' forecasts.Deutsche Bank expects growth of 1.5% in France this year.

"Keep strict state spending"

The Prime Minister also made a sign towards the financial community. He promised that he would present "in the coming weeks our overall strategy of leaving the zone of excessive deficit by 2013, indicating the conference organized deficit late January.

"We will continue to take strict state spending: already in 2009, these costs will ultimately be slightly below the ceiling which had been voted by Parliament," he argues."For 2010 we have also decided that the interest burden of the investment program (large loan) will be offset by an equivalent reduction in state spending."

The rating agencies have repeatedly warned Paris that he must submit a strategy of rapid reversal of deficits and debt.

The Economy Minister Christine Lagarde announced late December that France knew "a slight recovery" and that growth in the fourth quarter 2009 is expected to be slightly above the 0.3% recorded in the third.

"See also: Debt: France, no better than Spain

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