Thursday, April 19, 2012

France maintains its growth forecasts for 2012 and 2013

The French government said Wednesday maintaining its economic growth forecasts for 2012 and 2013, despite estimates, more pessimistic montétaire Fund (IMF).

"We maintain the prévisisions growth of France," said Valérie Pécresse, French Minister of Budget and spokesman for the Government at the report of the Council of Ministers, explaining that maintaining this forecast is based "on the credibility government in the previous budget years. "

"We are very pleased to see the IMF to revalue upward its forecast for 2012," said Ms. Pécresse, referring to the upward revision of growth forecast of the financial institution in Washington for France in 2012.

The IMF, whose executive director is former French Economy Minister Christine Lagarde said Tuesday focused its growth forecast for France in 2012 to 0.5% against 0.2% previously, while the French government table on a 0.7% growth for 2012 and expects an increase of 1, 75% of GDP in 2013. The insitutuion directed by Christine Lagarde expects a growth of 1% of the French economy for the coming year.

In a joint statement issued Tuesday following the announcement of the IMF revaluing upwards its growth forecast for France in 2012, Valérie Pécresse, as well as Françaois Baroin, French Minister of Economy, have reaffirmed the growth forecast French government for this year and next year.